7.27 ETH late-session order book observation



In the evening, it followed the broader market’s strong rally; the current price, around 1960, is seeing a bit of pressure and trading sideways. As geopolitical sentiment eased, market preferences warmed back up. Short-term funds concentrated and flowed in, with the intraday gain leading among mainstream assets. However, since tomorrow’s interest-rate news has not landed yet, after a spike upward, sell pressure gradually begins to appear. In the evening, price action is mainly digesting the gains within the high-range.

In the short term, the downside-suppressing range is 1970-2000. The prior high at 1956 has been converted into a strong near-term resistance. Key supports below are 1920 and 1900. After a breakout within the day, the pressure levels have turned into support. As long as it has not effectively broken below the earlier short-term repair-and-rally structure, the structure remains intact.

Evening reference ranges:
1、For a rebound: 1970-2000(箜);defend above 2020; targets at 1920 and 1900;
2、For a pullback: 1900-1920(哆);defend below 1880; targets around 1970.#ETH
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ShibaThinkTank
· 1h ago
The analysis makes sense, but before the interest rate news is confirmed, it’s best to stay cautious. Decide on entering the market tomorrow.
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