August 1st Ethereum (ETH) Contract Technical Analysis: Today, on the larger cycle daily chart, a small bearish candle is reported, with the K-line pattern showing consecutive declines. The price is below the moving averages, and the indicators in the attached charts are showing a death cross pointing downwards. The overall trend remains clearly bearish, but the continuation issue still needs to be monitored. Whether the significant drop seen yesterday can continue today is key to the upcoming trend. Additionally, the evening data is also a focus; the short-term hourly chart continued the downward trend seen in the early morning, with price breaking through previous low points and then rebounding for correction. The daily moving average resistance is near the 3750 area, which is our defensive position for today. Therefore, we still need to watch for the corrective trend during the day. Thus, today’s ETH short-term contract trading strategy: short on a rebound in the 3730 area, stop loss at the 3760 area, with a target at the 3650 area; #ETH走势分析 $ETH