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

The daily cycle remains in a bullish structure, but the indicators have gradually reached high levels. Currently, the short-term upward momentum has weakened, and there is a need for a pullback to digest profits. Switching to the 4-hour chart, the MACD has shown a death cross, indicating a phase of consolidation for the bulls. Looking at the 1-hour short-term chart, the MACD is continuously in declining green columns, and the KDJ is moving lower, indicating that short-term bears are dominating. However, the indicators are nearing oversold levels, and a minor rebound for correction may occur at any time. In the short term, watch for the first resistance at the previous high around 1956; only by stabilizing here can the upward movement be restarted. On the downside, the initial watershed is the daily low at 1900. If it breaks below effectively, the next test will be the 1880 support, with the mid-term bullish defense line at 1860.

Currently, there is a divergence between the large and small cycles; the long-term outlook is bullish while the short-term faces pressure, making volatility the most likely scenario. Do not blindly chase highs or sell lows. For short-term operations, patiently wait for directional choices. If it cannot hold above pressure, be cautious about high entries; maintaining the 1909 support is essential for rebound opportunities.The above is merely a technical sharing of the market and does not constitute any investment advice.Follow Mr. Coin for real-time market analysis.

7.23 Short-term Reference for Ethereum:

Go south above 1950, defend at 1980, target below 1920,

Go north below 1860, stop loss at 50 points, target above 1900,

Message sending may be delayed; strategy suggestions are for reference only. The market changes rapidly, regardless of your assessment of the market, always manage your take profit and stop loss well, securing profits.

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