Zhou Yanling: What to do if the short order is trapped after the big pump of Ethereum on July 18? Today's latest trend prediction analysis and trading strategy.

Recently, the big pump of Ethereum has been the headline in the crypto world, mainly benefiting from the influx of spot ETF funds and corporate buying. SBET, as the first company to use ETH as a strategic reserve, has purchased nearly 50,000 ETH in the past 5 days, surpassing the holdings of the Ethereum Foundation, with some staking having earned 322 ETH. Additionally, Ethereum is celebrating its 10th anniversary at the end of this month, so there is some expectation-driven market sentiment recently, at least to draw the market's attention to it.
From a technical analysis perspective, as of now, Ether has broken through 3480, and is currently in a short-term correction phase. The daily chart shows significant resistance around 3520. If this level is not broken on Friday, there will be a demand for a pullback on the daily chart. From the 4-hour analysis, short-term support remains around 3150, while short-term resistance is at 3520, and long-term pressure is around 3740. In terms of a short-term strategy, bulls should not be overly optimistic for further gains. Those who entered above 3300 recently should take some profits, as the big pump was driven by institutions entering the market, and there will certainly be some quick pullback corrections. Therefore, short-term traders should be ready to exit quickly. If you entered a low position a few days ago, you can maintain a long-term perspective and hold, as your position can withstand this temporary pullback.
Zhou Yanling 7.18 Ether trading strategy:
1. Long at 3300-3350, stop loss below 3250, targets 3440-3480-3510, continue to break upward to look at around 3700.
2. Short order at 3500-3460, stop loss above 3550, target 3350-3300, continue to break down and look at around 3160.
Zhou Yanling 7.18 Bitcoin trading strategy:
1. Long at 116000-116800, stop loss below 115000, target 119500-120500, continue to break upwards and look towards around 122000.
2. Short order at 120000-119000, stop loss above 121000, target around 116000, continue to break down to look at around 114000.
【The above analysis and strategies are for reference only. Please bear the risk yourself. The article review and publication may have delays, and the strategies may not be timely. Specific operations are subject to Yanling's real-time strategies.】
This article is exclusively shared by senior analyst Zhou Yanling. The author has been engaged in financial market investment research for over ten years, currently focusing on analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contracts/spot operations. With a solid theoretical foundation and practical experience, they excel in combining technical and fundamental analysis, emphasizing capital management and risk control. Their trading style is stable and decisive, recognized by many investment friends for their easygoing yet responsible personality and sharp, decisive operations.