## ETH Evening Update: Market Volatility & Trading Levels 7.22

**Recent Data Point**: Positions expanded by approximately 79,949 ETH over the past week—a capital injection worth roughly $258 million. While such substantial inflows typically draw market attention, the current impact remains muted.

**Current Market Snapshot**:
- ETH trading at $2.93K
- 24-hour change: -0.50%
- Market condition: Elevated volatility with directional uncertainty

**Market Analysis**:
The large accumulation underscores institutional interest, yet this hasn't translated into decisive price action. The Ethereum market remains characterized by uncertainty, with buyers and sellers locked in a delicate balance.

**Technical Levels to Watch**:
- Resistance zone: Around the 3700 level—watch for rejection here to confirm bearish momentum
- Support breakdown: Below 3650-3630 suggests further downside potential
- Strategy: Position shorts into resistance; if support gives way, anticipate accelerated losses

The takeaway: Big money moves don't always move markets immediately. Monitor these levels closely for confirmation signals.

[#Strategy增持比特币](/en/square/hashtag/Strategy%E5%A2%9E%E6%8C%81%E6%AF%94%E7%89%B9%E5%B8%81) [#币安HODLer空投ERA](/en/square/hashtag/%E5%B8%81%E5%AE%89HODLer%E7%A9%BA%E6%8A%95ERA)