7.28 ETH Analysis

Price has repeatedly fluctuated around 1982, facing pressure from the Bollinger upper band at 1996. Although the RSI’s three lines are in oversold territory, they have not produced a bullish crossover, and the rebound lacks sustained momentum. Candlesticks have closed consecutively with upper wicks, showing clearly significant sell pressure at higher levels. The short-term moving averages (MA5, MA10) are about to form a death cross; if 1975 is broken, it will confirm a bearish alignment. The MACD histogram has again lengthened below the zero axis, strengthening bearish momentum. Meanwhile, volume continues to shrink, making this rebound a low-volume, weak pullback. The middle band at 1932 is a key watershed; once it is lost, there is a relatively higher likelihood of an accelerated move toward the lower band at 1869.

Trading suggestion: short in the range 1900–1930，(箜), targets 1830–1750.