7.28 ETH early-morning analysis

ETH is currently getting brief support near the lower band around 1,928, but the price is running close to the lower band, indicating bearish momentum still dominates. The mid-band at 1,952 has shifted from support to resistance, and the upper band at 1,976 forms a strong pressure zone, meaning there is limited room for a short-term rebound. The RSI three lines are arranged bearishly; the 6-day moving average at 38.4 has entered a weak zone; the 12-day line at 46.86 has crossed below the 50 bull-bear line, confirming the short-term trend is bearish. However, the 24-day line at 54.21 is still in the neutral zone, suggesting the larger-cycle trend has not fully turned weak yet. The current market is in a pullback phase within an uptrend. The key support below is around 1,878. If the lower band can hold, ETH may build a short-term bottom; otherwise, it will look for support further down. In terms of strategy, stay patient and wait for signs of stabilization.

Operation suggestion: 1,965-2,000; target 1,880-1,800.