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Xingge says crypto|ETH 0726 market outlook
Erbingbing in this wave is much stronger than the big pie.
Last night, ETH’s lowest pullback touched around 1,846, then it didn’t continue to break down; instead, it gradually stabilized in the 1,850-1,860 area.
Today during the day it started ranging and rebounding, reclaiming above 1,880. In the evening, capital clearly began to gain momentum—after breaking above the 1,890 resistance, it quickly surged, topping out near 1,927.
At the moment, the price is around 1,916.
In this wave, the key is mainly the support at the earlier low levels. The market didn’t keep dumping, and capital started choosing Erbingbing to make the breakout.
Current outlook:
Longs:
Watch the pullback around 1,895-1,905
Stop-loss:
Below 1,885
Targets:
1,925
1,950
Shorts:
Watch around 1,925-1,935
Stop-loss:
Above 1,945
Targets:
1,900
1,885
Key points:
ETH has already come to the earlier resistance zone.
The 1,925-1,935 area is the key spot for the short term.
If it breaks through and holds, there’s still room to keep pushing higher afterward.
If it runs into resistance and stalls at higher levels, the short term may first pull back to confirm.
In this up move, don’t chase the very last K-line—wait for the pullback for an opportunity.
In trading, the truly comfortable chance isn’t chasing after it’s already pumped, but when the setup is given in the earlier areas, being willing to execute. #布伦特原油重返100美元 $ETH