🚨「ETH Evening Briefing at 9 PM」
📌 Latest Price
• On August 1, the closing price of ETH was $3,696, down approximately 2.9% from the previous trading day (previous day's closing was $3,807).
📉 Price Range
• The highest price of the day reached $3,724, while the lowest fell to $3,590, with significant narrowing of fluctuations throughout the day, indicating a weak market.
📊 Technical Structure Observation
• The current range for ETH is between $3,590 and $3,724, having broken below the previous support area. If it can return above $3,700 in the short term, it may stop the decline and rebound; however, if it continues to fall below $3,590, it could trigger further downward technical patterns.
💰 Funding Brief
• Although there is a lack of precise capital flow data for the day, the net inflow into ETFs over the past few days remains significant, with institutional long-term positioning unchanged. Attention should continue to be paid to volume and inflow pace.
🎯 Quick Operation Suggestions
• If the price rebounds back to $3,700 and stabilizes, light long positions can be tested;
• If it continues to fall below $3,590, it is recommended to stop losses in a timely manner and observe;
• Medium-term investors can wait for confirmation of support in the $3,590–$3,650 range before gradually entering.
📌 Core Conclusion
ETH is adjusting around the $3,700 level, with funding support still present but the technical pattern is weak. The short-term direction is unclear, and it is advised to wait for a confirmation of a rebound or stop losses before taking action.
📲 Follow along, with updates twice daily on ETH core data and strategy recommendations. The strategy is precise, and the operations are stable, helping you lock in trading rhythm without being disturbed by market fluctuations!
