$ETH Crypto Academician: July 2 Ethereum (ETH) Consolidation Range About to Break Out? Latest Market Analysis Reference

　　

Ethereum is currently at 1617. Is everyone's patience wearing thin? Upside momentum is weak, and downside has support. Price is being pulled back and forth between north and south. Those holding positions see their account numbers fluctuating repeatedly, while those sitting on cash fear missing a bottom-fishing opportunity. In fact, what's rarest right now isn't a precise entry point, but keeping your position and mindset. Don't let short-term ups and downs disrupt your rhythm. If you can endure the consolidation, you'll be able to wait for the trend. The market won't stay sideways forever. What we need to do is not fall before the dawn.

　　

On the daily K-line, the price is still in a clear downward channel. It is suppressed by short-term moving averages like EMA15 and EMA30, forming a standard bearish alignment. The MACD indicator shows a golden cross signal, but it is still operating below the zero line, indicating insufficient rebound momentum. The Bollinger Bands continue to open downward, with the price running close to the lower band, suggesting that bearish forces remain dominant. The Fibonacci 100% retracement level near 1503 is a strong support. Recent bounces have failed to break through the 1700 mark, showing heavy selling pressure above. The short-term trend is hard to change.

　　

On the 4-hour K-line, the price is oscillating within the 1503-1680 range. The moving average system is in a sticky state, with no clear short-term direction. The MACD indicator is near the zero line, and the red bars are shrinking, indicating that bullish momentum is weakening. The Bollinger Bands are currently contracting, suggesting the market is waiting for a direction choice. The key resistance level is near 1730, the Fibonacci 23.6% level. The lower support is near 1550, the lower band of the Bollinger Bands. The price is currently near the middle of the range, with fierce long-short competition. In the short term, a weak and oscillating trend is likely.

　　

Short-term reference:

　　

If the downside 1530 to 1500 does not break, go upward. Stop loss at 1470, target 1570 to 1630.

　　

If the upside 1680 to 1720 does not break, go downward. Stop loss at 1750, target 1600 to 1550.

　　

Specific operations should be based on real-time data from the order book. For more details, you can consult the author. This article has delayed publication. Suggestions are for reference only, and risks are borne by the individual. ‌