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7/25 Today’s ETH market analysis and direction suggestions:
The daily chart pattern for ETH has broken down. This spike has just reached the target support. For long positions, enter longs only when it reaches 1858. For the rebound pressure, first watch for the second pressure at 1905—only if it can break through 1905 will there be a chance to push higher toward 1940-1950. If it can’t push through 1905 and instead breaks below 1858 again, the market will move into a new round of downside spike-pinning. The spike target is 1802-1780—keep an eye on this range for long entries. $ETH #ETH