July 28 $ETH early morning analysis

After a round of long bearish candle deep selloff broke the upward rhythm, subsequent candles have slowly rebound with small bullish candles. The bullish candle bodies are relatively small, and the rebound momentum is weak—this is a passive repair pattern, with no reversal candle on increased volume. In the 1970–1982 range above, a large amount of trapped-sell pressure has piled up.

After ETH’s 15-minute timeframe surged and then plunged, a weak rebound has started. The current price is being capped by the Bollinger middle band around 1942, and sell pressure above is obvious. The Bollinger channel is opening downward, and the downtrend has not changed.

MACD’s bearish momentum has slightly weakened. RSI is hovering below the 50 line, and bull power is insufficient. Onefan’s personal suggestion: around 1965–1999, with targets around 1915–1850 #BTC #ETH #BTC走势分析