7.10 Ether Analysis

Ethereum has been driven by the overall market during the day, continuously rising since early morning. The market broke out and continued to move upward, breaking through the 2700 level, but faced resistance and pulled back near 2795. It has now slightly retreated into consolidation. The key focus moving forward will be the support at the 2700 level.

If the intraday pullback does not break this area, the market is highly likely to adjust and continue to rise, possibly reaching 2800. The daily level shows consecutive bullish candles, with strong bullish sentiment and no reversal signals; the trend is pushing towards the upper band. As long as the pullback does not break the 2800 line, the upward movement may further extend. Given the significant recent uptrend, it is recommended to trade in the direction of the trend, focusing on the 2700 support, with a preference for shorting high and longing low.

It is recommended to short in the 2790-2820 range, with a light position and a target above 2660.

It is recommended to go long at 2660-2700, with a target above 2750.