7.29 ETH early session market outlook



In Asia’s early trading, the broader market is still maintaining weak, range-bound movement in sync. The current price is consolidating at the low around 1915. Ahead of the overnight interest rate decision, risk-off sentiment has been warming up; this asset has higher price elasticity, leveraged funds have concentrated their exits, and selling pressure continues to be released. The daily candle closed bearish and the trend weakened. Trading in the morning is quiet, with both bulls and bears holding back and waiting for news to land, and there is no strong rebound impetus yet.

The near-term downside is being pressured within the 1890-1910 range. The prior high at 1956 has turned into a strong resistance level for this phase. On the downside, the core supports are 1830 and 1800. With consecutive pullbacks, the indicators have entered an oversold zone, and there is some phase-by-phase demand support at lower levels.

Morning reference ranges:
1、For a rebound 1890-1910, defend above 1930. Targets: 1830 and 1800;
2、For a pullback 1800-1830, defend below 1780. Targets look toward around 1880.
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BridgeWalker
· 1h ago
The blogger’s analysis is very professional, but I’m a bit cautious—I want to wait until it’s below 1,800 and then build my position in batches, so the safety buffer is thicker.
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MacroDataLink
· 1h ago
Last night’s interest rate decision was more hawkish, and this pullback probably isn’t over yet. Don’t rush to buy the dip—wait until it breaks below 1,800.
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FragilePosition
· 2h ago
Weak consolidation is the most exhausting—both longs and shorts are bleeding. Personally, I lean toward waiting until around 1830 to take a small-position long. Place the stop-loss below 1780. If it moves up, we’ll look at 1880, but the position size should be light.
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FrontrunDefender
· 2h ago
The analysis is quite on point, but for small amounts of money, it’s still better to wait and see first.
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PeacockSpreadsItsFeathersBut
· 3h ago
It feels like a four-hour-level bullish divergence is about to form, but I still need to wait for right-side confirmation before entering.
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