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7.27 ETH afternoon market observation
After noon, following the broader market’s slight rise, upward momentum proved lacking. Price is trading in a narrow range, oscillating around the 1880 area. The market is waiting for interest-rate-related news to land later tonight. There is insufficient incremental capital on the field; as the price pushes higher, sell pressure gradually becomes evident. Short-term rebound strength is limited, and the overall market maintains a range-bound consolidation pattern.
Near-term resistance is 1890-1900, with 1956 as the key strong resistance; core support below is 1860 and 1830. Buying support at lower levels is still acceptable. As long as support is not broken effectively, the sideways and corrective rebound structure remains unchanged.
Afternoon reference ranges:
1. For the rebound 1890-1900, watch for pullback opportunities; place protection above 1920; targets are 1860 and 1830;
2. For a retest of 1830-1860, take a light-position bet on repair and consolidation; place protection below 1810; rebounds look toward around 1890.
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