7.24 ETH Analysis



After the ETH hourly cycle formed a top exhaustion structure and broke out of the main sell-off driven wave, the price fell below the Bollinger mid-band value nexus. The long/short positioning structure has completed its switch; the current rebound is only an exhaustion-type rebound, and there are no structural conditions for a trend reversal.
The Bollinger Channel shows a diverging downward formation, with the mid-band constructing a strong resistance barrier. The short-term long/short contest threshold is 1888. The key support for core positions is 1858; if it is effectively broken, it will trigger a new round of downside push wave.
As the oscillation indicators have not yet formed a bullish divergence structure, rebound momentum is difficult to sustain. The strategy avoids going long against the left-side countertrend; wait for a pressure zone bearing/holding signal, then follow through to go short, continuously validate that support remains effective, and strictly control leverage positions.

Trading suggestion: 1900-1930 箜, target 1830-1750.$IOST $BTC $ETC $BCH
ETH-0.50%
IOST-1.81%
BTC-1.51%
ETC-2.00%
BCH0.36%
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MoMo'er
· 21h ago
7.24 ETH analysis

After the ETH hourly cycle formed a top exhaustion structure, it exited the main sell-off driving wave. The price broke below the Bollinger middle band’s value center. Long and short positioning structures have completed their switch. The current rebound is only an exhaustion-type bounce, and there are no structural conditions for a trend reversal.
The Bollinger channel shows a divergent downward pattern, with the middle band building a strong resistance barrier. In the short term, the long/short battle threshold is 1888; the core order-support below is 1858. If there is an effective breakdown below, it will trigger a new round of downside impulse wave.
The oscillators have not yet formed a positive divergence structure, so rebound momentum is difficult to sustain. The strategy avoids going long against the left-side trend; wait for a “pressure zone” rejection signal to follow and then go short. Continue to verify whether support remains effective, and strictly control leverage position size.

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