7.24 ETH Analysis

After the ETH hourly cycle formed a top-exhaustion structure, it moved out of the main sell-off driven wave. The price broke below the Bollinger middle band’s value center. The long/short positioning “funds” structure has completed a switch. The current rebound is only an exhaustion-type corrective bounce, and there are no structural conditions for a trend reversal.
The Bollinger channel is taking a diverging downward shape, with the middle band building a strong resistance barrier. The short-term long/short contest threshold is 1888; the core funds support below is 1858. If it breaks down effectively, it will trigger a new round of downside impulsive waves.
The oscillation indicators have not yet formed a bullish divergence structure, so rebound momentum is difficult to sustain. Avoid going long against the left-side trend; wait for signals of acceptance/defeat in the pressure zone, then follow the trend to sell short, while continuously verifying whether support remains effective, and strictly control leveraged positions.

Trading suggestion: 1900-1930 … , target 1830-1750.$BTC $GT $SOL