Tongge 7.29 ETH trading plan

Enter the market around $ETH 1925-1940, stop-loss at 1960, first target 1870, second target 1850.

Yesterday, Erbing’s highest bounce reached 1928.9, exactly coming to the short-term pressure zone. After pushing higher, there was no effective breakout, indicating that sell pressure above this level still remains.

At the moment, 1925-1940 is the area where the short-term range is being renegotiated. If the bounce can’t break through this range, the short-term bias remains under pressure.
Below, focus on around 1850. This zone has shown support multiple times before.
If a pullback to 1850 holds steady, the short-term still has a chance for rebound and repair;
If 1850 is lost, it means the “bull defense” has weakened, and the market may continue searching for the next support.

Right now, the market isn’t simply about bullish vs bearish—it’s waiting for key levels to provide the answer. Resistance is 1925-1940, support is 1850.