Ethereum Strategy Analysis (July 21)

I. Current Market Situation According to the data in the chart, ETH is currently priced at $1938, up 4.14% in the last 24 hours, with a trading volume of 1.11 billion USDT. The price has broken through the $1900 mark, but the $1920-$1940 range is a significant resistance zone in the near term. After multiple attempts to break through, bullish momentum weakened, and selling pressure was concentrated. In terms of news, a senior Iranian source stated today that mediators have proposed a 10-day suspension of strikes to restore the interim Iran-US agreement, easing geopolitical risks. Furthermore, Coinbase confirmed that the CLARITY bill is about to pass, leading to a slightly positive macroeconomic sentiment. However, the Fear & Greed Index is only 25 (extreme fear), indicating that market sentiment remains cautious. II. Today's Strategy (Range Trading Strategy) Core Logic: ETH is trading within a range of $1840-$1940, with strong resistance above and support below. It is not advisable to chase the price up or down before a breakout. Long Position Strategy: Consider a small long position after a pullback to the 1880-1890 range and subsequent stabilization, with a stop-loss below 1860. The initial target is 1920, with a further target of 1940-1950 if it breaks through. Short Position Strategy: Consider a small short position when the price rebounds to the 1930-1940 resistance zone, with a stop-loss above 1955. The target is 1900-1880. III. Risk Management Tips: The market is currently in a technical correction phase after a daily decline, with moderate volume. A breakout requires increased volume. Use small positions, strictly adhere to stop-loss orders, and be aware of frequent false breakouts in this volatile market. Reduce positions in batches upon reaching the target price. For copy trading, see my profile on QQ. All trades are live and there are no entry barriers.