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📅 July 3, 7:00 – July 9,
Recently, the Ethereum market has shown a clear bearish dominance. Despite repeated counterattacks from the bulls attempting to break through the current price levels, each rise has quickly been suppressed by the shorts, leading to a price decline. This pattern highlights the strong position of the bears in the current market.
From the latest market dynamics, the short positions are still continuously exerting pressure, almost completely controlling the market rhythm. In light of this situation, investors may consider following the current trend and selectively placing short positions when the price rebounds.
Specific operational suggestions can focus on the 2530 to 2560 range, which may be a good entry point for short positions. If the market continues to decline, 2400 may become the next important support level. If this level is broken, the possibility of further probing down to 2200 cannot be ruled out.
However, regardless of the strategy adopted, risk management is always the top priority in trading. It is recommended that investors strictly set stop-loss orders during operations to guard against potential market risks. At the same time, it is important to closely monitor market changes and adjust strategies in a timely manner to respond to the rapidly changing cryptocurrency market.