Markets move in sync with the large coin “big pie” while the white-chart shows a range-bound rise. For Ethereum this evening, be cautious of a breakout followed by a pullback. Maintain the short-on-the-high approach
7.21 Ethereum evening analysis
During today’s daytime session, Ethereum is trading in sync with the big pie, oscillating and moving upward. It is currently moving back and forth around the 1900 level. On the daily chart, the medium-term bearish structure has not changed.
There is no major economic data released tonight. Price action will mainly be driven by technical fluctuations, and you should also watch for sudden news at night that could trigger abnormal moves.
The four-hour MACD remains in a golden-cross state, but the upward momentum/volume has clearly been gradually weakening. The RSI indicator has already entered the overbought zone, and in the short term there is a need for a pullback and correction.
The overhead resistance zones are at 1970 and 1950. Short-term support has been lifted to around 1920 and 1890.
For tonight’s trading plan, keep the high-short idea unchanged. A prudent approach is to wait for a rebound into the 1950–1970 resistance range and only look for a sell setup after signs of stalled price action appear. Targets are at 1920, 1900, and 1880.
The above is only personal advice for reference and does not constitute an investment basis. Coin volatility is relatively high at night—remember to strictly control position sizing and set stop-losses. For specifics, follow Cheng Jingsheng Shipan’s arrangement!$BTC
$ETH
#ETH
7.21 Ethereum evening analysis
During today’s daytime session, Ethereum is trading in sync with the big pie, oscillating and moving upward. It is currently moving back and forth around the 1900 level. On the daily chart, the medium-term bearish structure has not changed.
There is no major economic data released tonight. Price action will mainly be driven by technical fluctuations, and you should also watch for sudden news at night that could trigger abnormal moves.
The four-hour MACD remains in a golden-cross state, but the upward momentum/volume has clearly been gradually weakening. The RSI indicator has already entered the overbought zone, and in the short term there is a need for a pullback and correction.
The overhead resistance zones are at 1970 and 1950. Short-term support has been lifted to around 1920 and 1890.
For tonight’s trading plan, keep the high-short idea unchanged. A prudent approach is to wait for a rebound into the 1950–1970 resistance range and only look for a sell setup after signs of stalled price action appear. Targets are at 1920, 1900, and 1880.
The above is only personal advice for reference and does not constitute an investment basis. Coin volatility is relatively high at night—remember to strictly control position sizing and set stop-losses. For specifics, follow Cheng Jingsheng Shipan’s arrangement!$BTC
$ETH
#ETH