You Haoge, July 28: ETH Market Technical Analysis

Today, ETH overall is consolidating with a slight bearish bias. After the 1900 round-number support level was broken, the 1900–1920 range has flipped from support to resistance. Below, 1850–1860 has become the key line of defense that the bulls must hold. Ahead of the Federal Reserve FOMC decision (early July 30), capital is relatively cautious; short-term bearish momentum is dominant. However, the daily-level rebound structure has not been fully destroyed yet, so the situation can be summarized as: short-term bearish, medium-term to be confirmed.

Trading logic:

Short-term trend-following (prefer this): If the rebound reaches the 1900–1920 range, and resistance signals appear on the 15-minute chart—such as long upper wicks, MACD top divergence, or KDJ forming a death cross while in the high zone—consider going short. Set a stop loss above 1935. Targets: 1880–1860.

Catching the dip with caution: If 1850–1860 cannot be effectively held, do not take an aggressive dip-buy approach. If that zone is held and a bullish candle appears with increased volume, you can try a small position long. Stop loss: below 1830.

Breakout follow: If there is an unexpected strong breakout above 1950, and the pullback does not fail, you can follow the long, targeting 2000. If 1850 is effectively broken to the downside, and a retest is rejected, you can pursue the short, targeting around the 1800 area#ETH