Ethereum market analysis on July 7.

From the 1-hour K-line chart, ETH broke through the upper Bollinger Band line and then experienced a technical pullback, testing the trend of the 1-hour line not reaching the middle Bollinger Band line. The opening of the 1-hour Bollinger Band is upwards, corresponding to the range of 2583 to 2485, with the middle band trending upwards corresponding to 2534.
The 1-hour MA moving average shows a bullish upward arrangement, with the 5-day moving average and the 10-day moving average crossing golden cross upward corresponding to 2572--2557.
The MACD crossover golden cross is trending upwards, but the fast line shows a clear convergence trend; the RSI indicator has crossed downwards at 44 and 64, corresponding to a slight decline and pullback in the market.
In this round of decline, if it does not break the second round of upward trend line corresponding to 2544, there will be a slight rebound. The rebound fluctuation range is 2550--2572, and if it does not break upward above 2572, a second decline will occur, with the lower point possibly reaching 2530. If it does not break below 2530, it will again oscillate and rebound, maintaining a fluctuation range of 2530--2568.
Upper pressure: 2610 Strong pressure 2667
Support below: 2530 Strong support: 2480
Trading Strategy: You can go long with small positions at the rebound points, capturing short-term long positions, or short at the high points during the rebound to catch small short-term short positions.