7.26 ETH Analysis

This pump-up move is a bit “puffed up.” The price is running tightly along the upper band at 1906, even piercing through, but the Bollinger Band opening didn’t expand in sync, indicating that short-term bullish momentum has already been exhausted. RSI6 is as high as 88.38—a typical level of severe overbought. Historically, such extreme readings are often accompanied by a sudden pullback. The coin price is too far away from the MID band at 1890, like walking a tightrope high above the ground—there is intense pressure for a technical return to the moving average. Chasing higher has very poor cost-effectiveness; it’s cold at the top. Be alert for a spike followed by a pullback.

Trading advice: 1930-1960 箜. Target 1850-1800.

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