Wave in the Currency Sea: 7.10 Ethereum (ETH) Market Analysis Reference:

Ethereum once again reached the 1800 level intraday, steadily rising based on multiple mid-term EMA moving averages at the daily level. The price has stabilized above the middle band of the Bollinger Bands, and the current MACD remains in the bullish range, with the DIF consistently above the DEA line, indicating that the bullish momentum has not diminished. The KDJ and RSI have both turned upwards to a high position, showing strong short-term bullish sentiment. The daily EMA20 moving average is the critical lifeline for this rebound; previous multiple retests have stabilized and rebounded at this level, confirming the effectiveness of the support. As long as this support is not effectively broken, the upward structure will not be destroyed, leaving room to challenge the previous high of 1833 and test the upper band of the Bollinger Bands at 1854.

In the short-term 4-hour level, after reaching the stage high of 1833, there has been a round of corrective market, fully releasing the bearish power. The current market has completed its reversal and is strengthening, with the price running at the upper band of the Bollinger Bands. The Bollinger channel shows signs of slight upward expansion, and the MACD's DIF has crossed above the DEA forming a golden cross. The previous bearish volume has all dissipated, shifting to bullish volume bars, and the downward momentum has completely exhausted, with a noticeable increase in support strength. The KDJ formed a golden cross at a low position and is steadily moving upwards, gradually nearing the overbought area, indicating strong bullish continuation; the RSI has stabilized and rebounded from a low position, with various moving averages beginning to turn upwards from a state of convergence. The dense area of moving averages near 1758 and the middle band of the Bollinger Bands provide dual support. The short-term market is running strong, with strong resistance above at the previous high of 1833. As long as the support range is not effectively broken, the rebound trend is expected to continue.

Wave in the Currency Sea: 7.10 Ethereum Short-Term Reference:

Short Position: Sell in the range of 1855-1825, stop loss at 30 points, target at 1800-1750,

Long Position: Buy in the range of 1730-1760, stop loss at 30 points, target at 1780-1830,

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