7.23: Ethereum (ETH) market analysis reference

The intraday market experienced a morning surge followed by a pullback, reaching a high near the 3800 line, which was not broken, leading to a subsequent pullback. Currently, the price is around the 3680 level, and the intraday pullback has already touched the 3610 line of support. If it does not drop below the 3600 level, it is advised not to enter short positions blindly.
On the 4-hour chart for the short term, the trend is in a pullback rhythm. Since July 15, the mid-level support has been broken, and the strength of the short-term rebound has decreased. If the price does not break through and stabilize above the 3700 short-term resistance, there is a risk of further pullback support.
The current trend continues with range-bound oscillation and repair. Throughout the day, there have been multiple unsuccessful attempts to test upward, with the trend now adjusting back into range-bound oscillation. Currently, there are no signs of a breakout, so our strategy should be to short high and long low. Pay attention to resistance around 2750 and support around 3580.
Ethereum Short-term Reference:
Down test range: 3750-3780, stop loss 30, target 30-60 points,
Long position entry 3580-3635, stop loss 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, regardless of the situation.
The level of judgment and grasp of emotions is crucial; take profit and stop loss must be managed well, securing the gains.