7.22 Evening ETH Analysis



The evening fluctuations of the secondary wife have retreated, currently trading around the 3700 level. The intraday high reached 3858 but failed to stabilize effectively, followed by a significant decline in volume, with the price approaching the support near the middle track, showing a slight weakness in the short-term bulls.

Looking at the four-hour chart, the BOLL opening is slightly narrowing, and the K-line has briefly surged close to the upper track, now pulling back to around the middle track at 3705. If it fails to hold, there is a possibility of further decline below 3600. The MACD has formed a dead cross and is diverging, with bearish momentum continuing to be released; trading volume has been consistently decreasing, weakening the rebound strength.

Operation suggestion: Short with light positions near 3750 on a rebound. If it directly breaks below 3680, you can pursue the short for a while, targeting 3600 and 3550. If it strongly re-establishes above 3800, then consider switching to long positions. Tonight's market key lies in the contest around the middle track, and don't forget to confirm a pullback above 3700.
ETH1.38%
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