$ETH Laoliu market analysis/operation suggestions on July 7

Yesterday, Ethereum stabilized around 1890 and then fluctuated upwards. In the afternoon, many parties made efforts to push the price to around 1960. However, affected by the news in the evening, the price fell like a waterfall to around 1860. This morning it dropped again to around 1820 and is currently running around 1850. The hourly MACD is showing a loss of bearish momentum and the hourly RSI is below the 50 level.

In terms of operation, it is recommended to mainly fall back to low and long positions, with the support level of 1825 and the pressure level of 1890; short orders can be considered in the 1900-1880 range, with a target of 1850-1830, and stop loss of 1920; long orders can be considered in the 1830-1850 range, with a target of 1880-1900. Stop loss 1800.

Pay attention to the impact of the non-agricultural data in the evening. At present, the market is volatile. Make cautious decisions and pay attention to risks!