7.30 Ethereum (ETH/USD) Evening Outlook
Ethereum’s hourly low stabilized and rebounded; it has successively raised its lower points, and the prior downward rhythm has already stopped. The market is currently in a repair-and-upward phase.
Price is now approaching the prior resistance range; upward momentum has slowed, so chasing gains directly is not very cost-effective.
If it can hold above the resistance, the repair trend can continue to expand upward space.
If it pulls back after a push higher, the 1900–1909 area is an important support zone for this rebound. As long as this area holds, the rebound trend remains intact.
Recommendation: Buy around 1900–1910, target 1930 and 1970.
Ethereum’s hourly low stabilized and rebounded; it has successively raised its lower points, and the prior downward rhythm has already stopped. The market is currently in a repair-and-upward phase.
Price is now approaching the prior resistance range; upward momentum has slowed, so chasing gains directly is not very cost-effective.
If it can hold above the resistance, the repair trend can continue to expand upward space.
If it pulls back after a push higher, the 1900–1909 area is an important support zone for this rebound. As long as this area holds, the rebound trend remains intact.
Recommendation: Buy around 1900–1910, target 1930 and 1970.
