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On the early morning of July 25, the Crypto Assets market showed noteworthy dynamics. Ethereum exhibited strong pump momentum in the evening, peaking at around $3772, before starting to retreat. This fluctuation reflects the short-term sentiment and trading activity in the market.
From a technical perspective, a long upper shadow appears on the hourly chart, which usually indicates significant resistance above, a weakening of bullish strength, and that bears may gain an advantage in the upcoming period. The Bollinger Bands at the four-hour level are showing signs of a narrowing trend and a potential downward turn, further confirming the possibility of facing downward pressure in the short term.
At the same time, Bitcoin has made several attempts to break through the $119,500 level but has been unsuccessful, still oscillating within a range. This pattern of range oscillation suggests that market participants remain divided on the future direction of Bitcoin.
For short-term traders, Bitcoin may encounter resistance in the range of $119,200 to $119,500, with support potentially around $117,500. Regarding Ether, the area between $3,730 and $3,750 could become a key resistance, while support may be around $3,630. If this level is broken, it may further drop to $3,580.
It is worth noting that the trading volume of Ethereum has surpassed that of Bitcoin, reflecting an increased market interest in Ethereum. However, investors should keep in mind that the Crypto Assets market is ever-changing, and they should closely monitor real-time market conditions and adjust their strategies flexibly during actual trading.