ETH analysis on July 8, 2025

Ethereum Market Review from Yesterday
Ethereum surged yesterday, reaching a high of 2607, then declined to a correction at 2549, rebounding into a range where it oscillated and consolidated between 2550 and 2590. Starting at 4:00 PM, bulls turned into bears, leading to an overall downward oscillation, and in the evening fell to a low of 2505 before a slight rebound.
From the 4-hour technical perspective, the daily line and the 10-day line have crossed into a dead cross, and the 5-day moving average is trending downward. The two lines correspond to 2545 and 2554, respectively, with the 10-day moving average becoming a small pressure point above.
The opening and closing of the forest band corresponds to the range of 2581 to 2486, the middle track line is rising to 2534, the RIS indicator shows a slight rebound in the market, the MACD indicator has a small death cross, and bearish volume is generated, indicating that the overall market trend is slightly oscillating.

Conclusion
Direction: Oscillating Upward
Support level below: 2500
Resistance point: 2580
Current market trend: After a decline, it rebounded and tested the resistance level of 2554. If it does not break through and stabilize above 2554, it will experience a slight decline and adjustment, maintaining a fluctuation within the range of 2534 to 2554, as long as it does not fall below 2534.
Operation on ETH subsequent analysis
Direction: Consolidation range fluctuation, downward correction
The High Altitude 2550 strategy has already been profitable.
Note: After testing 2554 without holding steady and breaking below 2534, there is a trend of a second decline. Pay attention to the rebound magnitude after breaking below 2520; if the rebound magnitude is not large, it will fluctuate in the range of 2500--2538! #马斯克计划成立美党#