Let's add some after-hours analysis tonight (usually if my thoughts for the evening session are still consistent with the morning session, I won't update unless there are special circumstances).

7.24 after-hours
1️⃣ Ether:
Ethereum has once again retraced to the support range of 3480-3520 in the afternoon, and just touched the lower boundary of the descending channel where a strong rebound occurred. A bullish engulfing pattern signal appeared on the 16th-20th four-hour candlestick chart, indicating a stop to the decline. The 20th-24th four-hour level candlestick retraced near the support level of the lower boundary of the box oscillation at 3620, testing the support's validity and leading to a rebound. Currently, it has strongly broken through the downward trend line of the upper boundary of the descending channel, but as of the posting position, Ethereum is facing resistance and has pulled back near the mid-axis line of the box oscillation at around 3750.
You can continue to pay attention to whether 3750 can break through. If the breakthrough fails, it will again test and confirm the upper track of the downward channel, which is the downward trend line. If the breakthrough is successful, then look at the resistance at the upper track of the consolidation box at 3860. If it breaks through 3860, look at 3950-4000.
2️⃣ Bitcoin: unchanged from the morning session
3️⃣ Supplement: In fact, my update on Ethereum and Bitcoin does not mean that everyone should only focus on these two, but rather to base their decisions on the support and resistance levels of Ethereum and Bitcoin to invest in other altcoins they are interested in. Currently, Ethereum has reached 4000, but there are still many altcoins at the bottom. As we approach the end of the year, every significant drop that retraces to the support level can be an opportunity to consider allocating to spot positions.
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