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📅 July 3, 7:00 – July 9,
Today's ETH trend analysis
ETH showed a significant volume rebound after hitting a low of 2410.20.
After breaking through multiple EMA moving averages, a strong surge was formed, with the high reaching 2523.70. In the short term, it has entered a state of consolidation and pullback.
The moving averages are still showing a bullish divergence arrangement, indicating that the trend remains strong.
In the rising phase, there is a significant increase in volume, followed by a consolidation with reduced volume, which is a normal digestion after the price increase. There is currently no noticeable selling volume.
First look for support at 2462-2470, with a key defensive level at 2410.
The current price is still in a strong bullish structure, and as long as it doesn't break 2462-2470 on a pullback, it remains a bullish strategy.
If the rebound is weak after the pullback and falls below 2462, it is necessary to pay attention to the fact that a local high has appeared, and the market is turning weak.
Operation point: It is recommended to clear positions and go long between 2462-2470 on the pullback, with the first take profit looking at the previous high.
Enter short at market price with light positions, looking at 2475---2462