7.28 ETH Evening Order Book Observation

In the evening, it moved weaker in sync with the broader market. The current price has continued to fall around 1870. Before the interest-rate decision is released in the early morning, risk-avoidance sentiment in the market heats up. This asset shows greater volatility: leveraged funds have concentrated on exiting, sell pressure keeps being released, and overall short-term trading remains under pressure, with trading volume declining.

The near-term suppression range is 1900-1920. The previous high at 1956 has turned into strong resistance. Below, the key supports are 1860 and 1830. With continuous pullbacks, the indicators have entered an oversold range, and there is buying support near the lows.

Evening reference range:
1) Go long 1900-1920 on a rebound, defend above 1940, targets 1860 and 1830;
2) Go long 1830-1860 on a pullback, defend below 1810, target around 1890.
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