7.24 ETH analysis



After the 1-hour cycle formed a top exhaustion structure, ETH moved out of the main down-driven wave. The price broke below the Bollinger middle band’s value center; the long/short positioning structure has completed its switch. The current rebound is only an exhaustion rebound, and there are no structural conditions for a trend reversal.

The Bollinger channel is in a divergent downward pattern, with the middle band forming a strong resistance barrier. The short-term long/short battle threshold is 1888. The key below support is at 1858; if it is broken effectively, it will trigger a new round of downward push wave.

Oscillator indicators have not yet formed a bullish divergence structure, so rebound momentum is difficult to sustain. Avoid taking long positions counter to the left-side trend; wait for a rejection/pressure-zone confirmation signal, then short in line with the move. Continuously verify that support remains effective, and strictly control leverage positions.

Trading recommendation: 1900-1930, target 1830-1750.$IOST $BTC $ETC $BCH
ETH-0.44%
IOST-1.81%
BTC-1.49%
ETC-2.20%
BCH0.29%
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PrincessQingyue
· 21h ago
7.24 ETH Analysis

After the ETH hourly cycle formed a top exhaustion structure, it moved out of the main sell-off impulse wave. The price broke below the Bollinger middle band value center. The long/short positioning structure has completed a switch. The current rebound is only an exhaustion rebound, and there are no structural conditions for a trend reversal.
The Bollinger channel shows a diverging downward pattern, and the middle band forms a strong resistance barrier. The short-term long/short battle threshold is 1888; the key-coin support below is 1858. If there is an effective breakdown, it will trigger a new round of downward pushing impulse wave.
The oscillators have not yet formed a bullish divergence structure, so rebound momentum is hard to sustain. The strategy avoids going long against the trend on the left side. Wait for a pressure-zone rejection/holding signal, then follow through by shorting. Keep continuously verifying that support is effective, and strictly control leverage positions.

Trading idea: 1900-1930 short, target 1830-1750.$IOST $BTC $ETC $BCH
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