7.23 crypto world Mr. Coin: Ethereum (ETH) market analysis reference

The intraday market saw a morning surge followed by a pullback, reaching upward, with the high approaching the 3800 level, which was not broken before the subsequent pullback. The current price is around the 3680 position, and the intraday pullback has already touched the 3610 support level. If the price does not fall below the 3600 level, it is advised not to enter short positions blindly.
On the 4-hour chart for the short cycle, the trend is in a correction rhythm. The mid-support has been broken since July 15, and the strength of the short-term rebound has weakened. If the price does not break through and stabilize above the short-term resistance of 3700, there is a risk of further retracement support in the trend.
The current trend continues to oscillate downward, so our approach remains mainly to short on rebounds, with long positions as a supplement. Throughout the day, the trend has repeatedly attempted to rise but has failed, entering a range of oscillation. Currently, there are no signs of a breakout, so our strategy is to short high and long low. Pay attention to the resistance around 2750 above and the support around 3580 below.
7.23 Ethereum short-term reference:
Lower test position: 3750-3780, stop loss 30, target 30-60 points,
Long position entry at 3580-3635, stop loss at 30 points, target above 3670,
There is a delay in sending the article, and the strategy suggestions are for reference only. The market changes rapidly, and no matter how accurate your market judgment is, you must set your take profit and stop loss properly to secure profits. #美加征关税 #GT 2025第二季度销毁 #BTC再创新高 #BTC #ETH