U姐 7.27 $ETH Morning Market Analysis


Ethereum’s four-hour overall trend is bullish, but the short-term market is severely overbought. After the price moves above the upper Bollinger Band, the adjustment pressure from mean reversion keeps accumulating. 1915 is the primary resistance level for the short term; with repeated attempts that still fail to break through, it’s easy for longs to take profits and sell off. For pullbacks, focus on support at 1886. Overbought doesn’t necessarily mean an immediate reversal, but the risk-reward for continuing to chase higher prices has already dropped significantly.
Wait for the rebound to come under pressure, then set up short positions
Consider shorting around 1960 - 1940, with targets toward 1900.
ETH3.66%
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