7.22 ETH evening market view

Following the broader market’s push up and subsequent pressure-induced pullback, the evening maintained a slightly weak, choppy consolidation. After a morning spike higher, profit-taking continued to be realized. The advance lacked incremental capital to follow through, and short-term long momentum clearly weakened. In the evening, it is likely to continue the range-clearing (wash) rhythm.

In the short term, the suppression range is 1930-1960, while 2000 is a key intermediate-term pressure level. On the downside, the core supports are 1870 and 1835. At the pullback levels, there is supporting capital stepping in, and before any effective breakdown occurs, the intermediate-term consolidation and repair structure has not been damaged. Short-cycle indicators are gradually weakening, and there remains the possibility of testing support to the downside.

Evening reference ranges:
1、Rebound 1930-1960, defense above 1970, targets 1870 and 1835;
2、Pullback 1835-1870, defense below 1810, targets around 1920.
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