July 25 trading plan:

Yesterday, ETH continued to fall, and the current bearish bias remains unchanged.
On the fundamentals, as the recent conflict between the US and Iran escalated again, oil prices surged once more, reinforcing rate-hike expectations. Data from the Chicago Mercantile Exchange shows that federal funds futures currently imply a 38% probability of the Fed raising rates next week, up from 12% just a week ago. On the other hand, Trump said there are many exit strategies regarding the Iran issue, such as a military exit strategy or reaching an agreement with Iran, but he does not think Iran is currently ready to reach an agreement. We may also attack Iran in a more aggressive way. Negotiations with Iran are currently ongoing.
Technically, the 4-hour chart yesterday broke below the key support at 1873. Although short-term support at 1846 is relatively strong, the pullback pressure caused by the triple divergence has still not eased. On the 1-hour chart, the price is currently consolidating around the 1846 support, and the downtrend that started from 1857 has not ended yet.
In terms of trading, today remains bearish overall. Around 1860, you can first test opening a short position. If the 1-hour chart breaks below 1846, then consider adding to the shorts to target further downside. Set a stop-loss at 1880, with downside levels at 1826 and 1814. Any changes afterward will be reminded immediately!