Ethereum Market Analysis on July 7

From the 1-hour candlestick chart, ETH broke above the upper Bollinger Band and then experienced a technical pullback. It is testing the trend of the middle Bollinger Band on the 1-hour line. The opening of the Bollinger Band on the 1-hour line is upward, corresponding to the range of 2583 to 2485, with the middle band trending upward 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 into a golden cross upward, corresponding to 2572--2557.
The MACD shows a bullish crossover, but the fast line has a noticeable trend of convergence; the RSI indicator shows a bearish crossover, corresponding to 44 and 64, indicating a slight pullback in the market.
In this round of decline, if it does not break below the upward trend line corresponding to 2544, a slight rebound will occur, with the rebound fluctuation range being 2550--2572. If it does not break upwards past 2572, a second decline will follow, potentially reaching a low point of 2530. If it does not break below 2530, it will oscillate and rebound again, maintaining a fluctuation range of 2530--2568.
Resistance above: 2610 Strong resistance 2667
Support below: 2530 Strong support: 2480
Operation Strategy: You can go long with a small position at the rebound point, catching short-term long positions, or short at the rebound high to capture small short-term positions.