I overslept this morning 😂

Morning of July 26
1️⃣ Ethereum:
Ethereum failed to break through 3750 last night as expected and once again pulled back. The pullback touched the lower boundary of the previous consolidation range and then rebounded. This morning, it attempted to break through 3750 again. As of the time of posting, it appears to have failed to break through once more. Moving forward, it still needs to break and hold above 3750 to have a chance to challenge 3860 and new highs; otherwise, it will continue to pull back.
I have reorganized the structure of Ethereum; the previous one felt a bit messy. Currently, Ethereum can be viewed as oscillating within a large box. The lower boundary of the box is 3480, and the upper boundary is 3860. Inside the box, there are two pressure support levels: 3750 and 3600-3620.
In addition, I have added a rising channel, as the two lows after the low point of 7.24 can just connect to form the rising trend line of the lower boundary of the rising channel. Currently, this lower boundary of the rising channel can also be regarded as a support level. If this support fails, we will still look at the two support levels of 3600-3620 and 3480-3520.
2️⃣ Bitcoin
The Bitcoin price retraced to the support level of 115000-115200 again last night, broke below it but immediately reclaimed it. It has now broken through the first downtrend line and 117000. The 117000 level has been tested once and held as support. Next, we can observe whether it can break through the second downtrend line and the two resistance levels of 119300-120000. If it breaks through, it will challenge a new high again; otherwise, it will continue to retrace to the lower support levels.
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