7.24 ETH: Weak consecutive declines broke the level, main focus firmly looks at $ETH

Entry: Around 1890-1900, look at 1840-1800
#布伦特原油重返100美元
Buy band 1925

After rallying and touching the 1958 phase high point, IETH continued to fall with consecutive bearish candles. It directly smashed through the middle band support from the Bollinger upper band. The short-term bearish trend is already clear—each rebound is a high-short entry opportunity. During the pullback, the bearish candle bodies keep expanding. Today it even printed a large bearish acceleration drop candle. Short-side sell pressure released in a concentrated manner, and the downside momentum is very sufficient.

After price touched the lower band, the rebound only closed with a very small bullish candle. The upside is weak and lacks momentum and volume. There is absolutely no incremental capital to come in and absorb. This is a typical weak rebound during a downtrend continuation—rebound is an opportunity to enter from the high side, not a reversal bottom-picking signal