7.10 Cryptocurrency Mr. Coin: Ethereum (ETH) Market Analysis Reference

Ethereum's price is currently around 1740, having previously surged to 1812 and then continuously retreated. It is now operating below the middle line of the Bollinger Bands, overall in a volatile consolidation pattern after a high pullback. In terms of indicators, the 4-hour MACD maintains a slight green bar, and the bearish momentum has not fully dissipated; RSI is stuck in the 43-50 range, not entering oversold territory, with downward momentum slowing; KDJ is turning upward from low levels, indicating a slight need for correction. The mid-term support is seen around 1720, with strong resistance levels above at 1780 and 1820.

The short-term hourly trend remains weak, with the Bollinger Bands trending downward overall, and prices are pressured in a sideways movement below the middle line. The 1-hour MACD is close to the zero axis with a slight green bar, indicating a balance in the long-short competition; RSI is around 43, showing no rebound strength, and KDJ is in a low and weak state, indicating a lack of force for short-term rebounds. The key support below is at the low point of 1712. If this is effectively broken, it will open up a new round of downward space. Currently, there is a net inflow of 62.73 million, with very little capital inflow and no large main funds entering to pull prices up. This round of rebound is merely a weak technical correction and does not signify a reversal trend. Avoid aggressive long positions in the short term; if the price rebounds to the 1780-1820 resistance zone, one can lightly test the downside and set the stop-loss above 1805; the lower defense support is at 1712, stabilizing above 1720 will only lead to a slight rebound. If it breaks below 1710, it will follow the trend southwards, as the mid-term trend has not shown a bullish reversal, remaining in a high weak volatility overall.

7.10 Ethereum Short-Term Reference:

Short positions below 1785, stop-loss at 1860, target below 1730,

Long positions below 1680, stop-loss at 50 points, target above 1720,

Messages can be delayed, and strategy suggestions are for reference only. The market changes rapidly; regardless of how high the judgment of market conditions is, be sure to manage take-profit and stop-loss well, securing profits is the safest.

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