Who would have thought that Ethereum could withstand so much pressure? Last night it fell alongside Bitcoin, and I thought it was going to crash, but it surged past its previous high and stabilized at 3150, which is quite strong.

In contrast, Bitcoin's rally is lacking significantly. The July rate cut has turned yellow again, and market sentiment is getting colder, resembling the struggles at the end of a bull market.

Trading advice: If there's a rebound to the range of 3130–3160, consider entering a short position with a target of 3050. If it breaks that, watch for 3000. For the long term, keep an eye on around 2740, and be ready to switch rhythm at #币圈 $ETH