7.11 ETH Analysis

ETH has broken through the 2880 line as expected, and after reaching near 3000, it faced resistance and pulled back, indicating that there is still resistance above. Since it has not broken through the previous high of 3050, it is not advisable to blindly chase long positions to avoid getting stuck in a high position.
The current market is experiencing resistance, consolidating at a high level, with prices hovering around 2950. However, the overall upward trend remains unchanged. In the future, one can wait for a price pullback to touch the support level before considering entering long positions to seize the opportunity for an increase.
It is recommended to go long on ETH in the range of 2880-2930, targeting 3100.