According to external sources, ETH is still organized below $1900, and market attention is shifting from a short-line rebound in July to the August-October test. According to the review article, this phase is more a function of whether the ETA has continued to be repaired or re-established.

July or 2000 to 2100

The article quotes the analyst Benjamin Cowen's judgement that if the bias of the previous mid-election year continued in July, ETH had the opportunity to continue, the short-line could test the 2000 to 2100 range.

In his view, it was not necessary to wait for bitcoin to finish. In the previous cycle, there had been a lower point in bitcoin, while ETH had formed a higher low point, suggesting that the two were not always synchronized at the bottom of the stage.

ETH/BTC movement remains under concern

Cowen also sees ETH/BTC as an important observation indicator. According to the article, the exchange rate had been tested repeatedly in the past near the cattle support belt, but had not been sustained since the previous break.

He is also concerned about the obstruction of ETH/BTC near the 20-month average. If this resistance continues to be effective, the relatively bitcoin strength of ETA may not be sustainable and its independent rebound space may be reduced.

August-October or decision to restore colour

According to the article, the real test could be from August to October. If bitcoin throws up in July and even goes down again, ETH may synchronize the pressure. If ETH rises to US$ 2000 to US$ 2100 and then falls back about 40 per cent, depending on the oscillation scenario, the price may go down to between US$ 1200 and US$ 1,300.

Other analysts, however, retained their judgement bias. According to Michaël van de Poppe, ETH would still have to move up to $1,800 if it were to hold; Daan Cripto Trades regarded $1750 as a key support and listed $2,100 as the next main resistance; and Ted Phillips stated that ETH could still increase by about 10 per cent if it was stable above $1850.

Overall, the core of this review is the ability to sustain critical support in three quarters. If the range of $1750 to $1,800 remains stable, market expectations for further testing of resistance above will remain; if not, short-line restoration could slow down.