Ethereum price update on July 13th

This article was written at 15:07. Looking at the 4-hour online chart, Ethereum's upward momentum is slightly stronger than Bitcoin's, reaching a high close to the short-term high of 1848. It subsequently closed lower with an upper shadow, indicating a strong short-term downtrend. Currently, it's trading around 1777, near the resistance level of this decline. The previous short position was entered around 1780 with a stop-loss at 1880, which wasn't triggered. Currently, it's near the cost price, and the short position can be held with the same stop-loss. The target remains around 1600. Once reached, we'll assess the price action to see if there are any long opportunities. Click on my profile picture to discuss further. Short-term trading, manage risk, profits and losses at your own discretion.