Institutional Perspective on ETH Current Price Structure Analysis and Direction Assessment:

Taking ETH/USDT as an example, the expectation for July 21 at 13:45 has been fulfilled (for specific analysis, see the short post at 13:45 on July 21). The bulls have successfully risen above 3756 and initiated a new round of offensive, leading to a new wave of segment trading. Considering the change in price structure, the short-term bullish-bearish demarcation line has been adjusted to 3731. The overall operational strategy is primarily bullish with a supplementary bearish approach. Below is a specific analysis of the price structure (market) from an institutional perspective.
(1) Above 3731, the bulls continue to maintain an aggressive stance. During pullbacks, one can look for buying opportunities at short-term bullish turning point models (such as 1 hour); previous low-level swing longs need to strengthen position confidence and continue to hold bullish.
(2) Below 3731, the short-term rise ends, and the decline begins. Previous low-level long positions are exited, while attention can be paid to short-term bearish turning point models to seize trading opportunities for short positions at highs.
(3) Below 3873, the range is narrow and fluctuating; above 3873, the bulls are strong, continuing to attack 3998. It is not recommended to easily go short during the bullish offensive.