$ETH Crypto academician: The 7.29 Ethereum (ETH) rebound fix is nearing the end; once the key resistance level is pressured, will it pull back again? Latest market analysis for reference

　　
　　ETH is trading at 1,910, and many “northbound” crypto friends are feeling uneasy these days—whether to take profit after dipping buys, or whether those who missed the entry are afraid of chasing and getting trapped. This rebound started from the 1,503 low; price probed around 1,904 and then fell into consolidation. Many friends can’t tell whether this is a corrective rebound within a downtrend or the beginning of a new uptrend. In the short term, the battle between bulls and bears has intensified; blindly following orders can easily lead to being swept back and forth. The biggest taboo in trading is gambling based on hunches. Only by understanding the cycle structure and pinpointing key support and resistance can you avoid traps in a choppy market
　　
　　The daily K-line is in the repair phase after a decline. Price is holding above the EMA30, but it is pressured by 2,242, the Fibonacci 78.6% key resistance level. The Bollinger Band channel is gradually flattening; the market has shifted from one-way selling into range-bound consolidation. The MACD indicator’s red histogram keeps shrinking, and bullish momentum is starting to fade. At the daily level, the overall trend remains bearish. We currently only define it as a bear-market rebound. The first resistance above is 1,980; the core support below is 1,853. If the previous high cannot be effectively broken, the upside rebound room will remain limited. Watch out for the risk of a push higher followed by a pullback
　　
　　The 4-hour K-line is currently consolidating below the Fibonacci 38.2% pressure. The moving average system is intertwined and glued together; bulls and bears don’t have a clear directional cue for now. The Bollinger Bands are narrowing, suggesting short-term volatility will tighten and a breakout window is approaching. The MACD forms a dead cross; short-term bullish power has weakened somewhat. Near-term resistance is in the 1,930–1,970 range; support is at 1,870 and 1,843. As of now, the 4-hour chart has not formed a clear upward structure. It is high-level consolidation after a rebound. Only a break above 1,982 can open up further upside room; if it breaks below 1,843, this rebound structure is damaged
　　
　　Short-term references:
　　
　　As long as it doesn’t break below 1,880 to 1,840 for northbound entries, cut loss at 1,800, and targets are 1,950 to 1,980
　　
　　As long as it doesn’t break below 1,980 to 2,020 for southbound entries, cut loss at 2,050, and targets are 1,930 to 1,890
　　
　　Specific actions should be based on real-time order-book data. For more information, you can check the author’s updates. The article release may be delayed. This is for reference only—risk is yours to bear ‌#长鑫开盘跌7.7%