July 23 afternoon: two-pie analysis (short-term)

After Ethereum surged to 1,955 early on, it faced selling pressure and dropped back, trading in a choppy downward trend, with the low dipping to 1,911. In the short term, the “head” position has集中释放 (concentrated selling pressure has been released). Currently, the price has rebounded from the low and is now around 1,928. Funds are showing net inflows, and short-term buying has warmed up somewhat.

However, the 1,935–1,940 range above has成交堆积 (prior trade volume concentration), which is likely to create clear resistance. The rebound will most likely be hindered and turn into consolidation. Near 1,911 below is a key support—if support holds, the short-term can maintain a weak rebound; once it breaks, the downward trend will likely restart. For short-term trading, you should prioritize watching the resistance and support levels and control position risk.
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