7.22 Ethereum analysis

The current price of Ethereum is 3820, indicating that the market shows a bullish trend, but there are short-term risks of volatility and adjustment. Therefore, in the short term, the market performance appears strong. The red three soldiers pattern suggests a bullish outlook in the short term, and the opening state of the BOLL indicator along with the price being near the upper band also indicates the potential continuation of the upward trend. However, the K-line doji pattern and the proximity to the upper band of the Bollinger Bands suggest short-term adjustment or pullback pressure, especially against the backdrop of potentially weakening market momentum. Finally, it is recommended to consider a light long position near the support level of 3790, with a reference take-profit level set at the key resistance of 3855. Cautious traders may follow up on long positions after confirming a valid breakout above 3860, while closely monitoring the increase in trading volume to confirm subsequent momentum. Overall, the market trend is bullish, but there are short-term volatility risks, and trading should remain cautious while paying attention to key level performance.
Latest Point Reference
Long at 2790, add at 2750, stop at 30 points, target 2880
Short at 2880, cover at 2930, stop at 30 points, target 2800
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