7.20 ETH Analysis

ETH continues to reach new highs, afternoon peak at 3700. Yesterday's reminder was not to chase long positions if it doesn't break. It then pulled back as expected, with an intraday low of 3477 rebounding, now running around 3700.
The bulls still dominate, and if they break and stabilize above 3700, the increase may continue; otherwise, there will be short-term fluctuations, with short-term resistance seen at 3740.
Although there was a pullback of over a hundred points during the day, the recovery is strong, and the overall trend is upward. The suggested strategy is to focus on buying low.
It is recommended to go long at 3640—3670, with a target of 3800, a stop loss of 30 points, and a slope level looking at 4000.
Suggest to short at 3850—3880, target 3600, with a stop loss of 30 points.
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