📍#ETH Technical Analysis (2025/08/02)
The bears are currently in control; short-selling is the best strategy, and take profit and stop-loss must be in place!
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#ETH 【1h】
Trend: Medium Bearish
Price has broken below EMA9/21/200 and VWAP, the lower Bollinger Band is opening downwards, RSI is low, MACD red bars are converging, momentum is weak, support to watch is S2 3,374.62.
🔻 Short Position Information:
🛑 Stop Loss: 3,567
🟢 Add Short: 3,400 (not triggered)
🚨 Break Below to Add Short: 3,374.62
🎯 Take Profit: 3,374.62; 3,246.39
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Trend: Medium Bearish
The price continues to remain below EMA9/21/200 and VWAP, the Bollinger Band is opening downwards, RSI is 31, MACD has a death cross, momentum is weak, focus on S2 3,374.62.
🔻 Short Position Information:
🛑 Stop Loss: 3,600
🟢 Add Short: 3,450 (not triggered)
🚨 Break Below to Add Short: 3,374.62
🎯 Take Profit: 3,374.62; 3,246.39
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The daily price has broken below EMA9/21, the lower Bollinger Band is expanding, RSI is 55 and declining, MACD red bars are widening, momentum is weakening and bearish, support to watch is S1 2,733.93.
🔻 Short Position Information:
🛑 Stop Loss: 3,650
🟢 Add Short: 3,200 (not triggered)
🚨 Break Below to Add Short: 2,733.93
🎯 Take Profit: 2,733.93; 1,769.46
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【#ETH Strategy Summary】
Operation #ETH - Short-term (1h): It is recommended to set short positions as the price rebounds to the range of 3,400~3,450, stop loss at 3,567, first target 3,374.62, second target 3,246.39.
- Medium-term (4h): Maintain a bearish strategy, 3,450 as the add short point, stop loss at 3,600, targets at 3,374.62 and 3,246.39.
- Long-term (daily): Bearish outlook, stop loss above 3,650, add short after breaking below 2,733.93, targets down to 2,733.93 and 1,769.46.
- Overall trend is predominantly bearish; strictly control risk and be cautious with short-selling.
