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7.24 midday $ETH analysis
Yesterday’s update for everyone—whether it was BTC, ETH, or Sandisk, they all reached the target key levels. Let’s take a look at today’s $ETH key channel points: Middle band MID=1915.18, Upper band UP=1958.05, Lower band LOW=1872.31
The coin price has continued falling since the Bollinger upper band high point and has now dropped below the Bollinger middle band 1915.18. The original trend support has completely turned into a strong pressure zone; the Bollinger channel has narrowed slightly, and upside room is limited. The Bollinger lower band at 1872.31 is the core defensive support right now. The current price is trading in consolidation just above the lower band. If bearish momentum keeps releasing, there is a risk that this support could break with a larger volume. Around 1920-1960, the target is around 1860-1810 #BTC #ETH #BTC走势分析