7.23 Ether around 1900-1910, near green/blue-gray (青苍哆), target 1950/1980

If you want to do the trade, go near 1950 (青苍倥), cut off at 1975 (止笋), target 1900.
From the 1H chart of ETH, price rebounded from the 1841 low all the way, reaching a peak near 1958. Currently it’s pulling back to around 1925 and consolidating.
In the short term, the moving averages are beginning to flatten. The uptrend remains, but there have been continuous rejections above 1950. In the near term, it needs to digest profit-taking orders.
On the news front, the market has been continuously focusing on the development of the ETH ecosystem and institutional capital flows recently, and sentiment around spot ETF funds has improved.
The market remains attentive to ETH’s subsequent performance.
But the closer the行情 gets to the previous high area, the more likely it is that bulls and bears will keep churning and washing positions.
With 9 years of trading experience, having gone through the cycles of bull and bear markets, the market is never short of opportunities—what’s lacking is the ability to read the rhythm.
When greed is needed, dare to hold; when it’s time to stop, know how to step back.
Trading is like chess—great players don’t win with every move, but by seeing the whole board and making every move thereafter. $ETH #ETH