July 24 “Er Bing” Midday Analysis



ETH is currently at 1879, with a daily drop of 2.08%. Net capital outflows are nearly 47.6 million, and the “Kong” momentum is clearly stronger than BTC.

The price has continued to fall from around 1930. After the low touched 1858, it rebounded slightly, but the rebound strength is weak, and it is still being pressured by short-term moving averages. The overall pattern is bearish. If it cannot quickly reclaim the 1900 integer level, it is likely to test the 1858 low support again. Once that breaks, downside room will open up toward around 1800.

The strong resistance zone above is 1900-1930. With capital continuing to flow out, short-term operations should mainly focus on selling/going short at rebound highs on “Kong,” and be cautious about buying the dip.

Personal suggestion: “Kong” around 1910-1960, target 1840-1810#夏日创作营
ETH-2.16%
BTC-1.07%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned