Evening Ethereum Strategy on July 31
Ethereum is still in a wide fluctuation range, but the overall focus is slowly moving up. Although the bears have made some pressing actions, they have not formed an effective trend continuation.
Currently, the hourly level has 3755 as the relay platform, and the short-term repeated retracement does not break below, combined with the resonance effect of the previous support at 3675, the short-term bulls still hold a certain advantage. Pay attention to the short resistance around 3880-3955 above, and if broken, it is expected to continue to challenge the 4000 mark or even higher.
Specific Suggestions:
Look for support at 3755 and 3675 to stabilize and enter long positions, targeting 3875 and 3955 above; if it can break and stabilize around 3955, continue to look towards above 4000.
