7.25: Ethereum (ETH) Market Strategy Analysis Reference

Ethereum faced pressure in the morning, pulling back to the 3505 line, and in the afternoon, it made a slight adjustment and achieved a strong rebound. It has now broken through multiple resistance levels and successfully surpassed the 3760 line. The rebound has reached over 200 points, with strong bullish sentiment in the short term. Currently, the coin price is oscillating at a high level for correction.
The daily level has shown consecutive large bullish candles breaking the previous high of 3771, forming a short-term ascending channel. On July 24, the long lower shadow (3502→3738) indicates strong buying interest. The hourly chart is oscillating and accumulating strength in the 3700-3750 range, without breaking the previous low of 3502. The MACD daily golden cross is continually expanding (DIF 309.7/DEA 261.67), but a top divergence has appeared on the hourly chart, which needs attention. The EMA is in a bullish arrangement (7>30>120), with the daily EMA7 (3628) acting as dynamic support. Overall, bulls are gradually warming up, so I personally suggest going long with the trend. The support below is focused on the 3660 area. If the upward momentum continues and breaks through the 3800 line again, one can follow up with a small position in long orders, aiming for a 30-point profit.
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7.25 Ethereum short-term strategy reference:
I suggest 3760-3805, stop loss 30 points, target below 3700,
It is recommended to buy between 3620-3675, defend at 3320, stop loss 30 points, target near 3670.