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ETH Strategy:
Short term (1-3 days):
Short near 3825, set protection level at 3856, reduce position to take profit near 3693, take profit at around 3510 if broken.
Bullish above 3800 at the close on July 27, go long at 3800, set a protection level at 3750, and take profit near 4000.
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Weekly Summary
Trading Volume:
On July 14, the open interest was 6.58 billion.
As of July 21, the open interest is 7.292 billion, an increase of 712 million compared to last week's 6.58 billion trading volume, and the trading volume is on an upward trend.
Weekly resistance: 3856==>4113
Weekly support: 3745
Last week reached this year's high, dipping to 3505 and soaring to 3856, with a fluctuation of 351 points. Currently closing with a small bullish candlestick. Still looking bullish for next week.
Next week's forecast:
Currently, we have a bullish candle in the lead line, and we still expect to see bullish trends next week.
On July 27, a bullish candle closed above 2745, indicating an upward trend towards around 4113.
On July 27, it broke below 3745 and closed with a bearish candle, bearish down to around 3505.