Why I say Ethereum #ETH short at ETH 3820, this wave of upward movement is basically over

First conclusion: Above 3800 can gradually short ETH, stop loss at 3920, target looking at 3300-3400.

Reasons are as follows:

First, timing judgment:

After hitting resistance at 3850, a waterfall drop occurred, breaking the upward trend line, and the current market has entered a weak repair! There will be no strong upward surge again. We don't guess the market, but by looking at the chart and the rhythm, we can feel: this position can’t go up anymore.

Second, weekly structure changes:

ETH weekly trend is approaching the high position consolidation peak, insufficient volume, giving the impression of being weak in upward movement, a typical precursor to a false breakout.

Third, news catalyst:

Early August is the window for the second phase of Trump's tariff policy to take effect, and the market will digest expectations in advance, cashing in early. This wave of upward movement itself carries a risk-averse and speculative sentiment, and the end of July is a clear oscillation retreat range.

During this period, any upward movement is an opportunity, don't get too excited

Strong performance? That's a false breakout

Dare to short, dare to set a stop loss, and dare to take profits, that is the rhythm.