$ETH Emergency Market Situation on Sunday, August 3rd at 4:42 PM. This weekend, special attention is needed for two time points: the potential short covering rebound during the Asian session and the direction choice after liquidity recovery in the European and American sessions.

Current price of Ether: 3407.63, down 3.10% in 24 hours, breaking through weekly support. The lowest in 24 hours touched 3372.

If we haven't risen above 3450 by early Monday morning, it likely indicates the beginning of a new week's decline.

Two critical lines:

Bullish defense line at 3380, the bullish suicide squad; if it breaks out with volume, go long with a target of 3470.

Bearish nuclear bomb, pay attention to the 3350 position; if it breaks, go short with a target of 3280.

No position/bottom-fishing strategy:

Assault level: 3350 position 40%, target psychological support at previous low of 3450.

Nuclear war level: 3280 position 30%, 3380 key support.

Black swan level: 3200 position 30%, 3320 institutional strong liquidation zone.

The 3450 position can also be a long entry, provided the entry condition is to rise above the 4-hour mid-track, breaking the bearish trend. Stop loss at 3420, target 3480—3520.

All operations must have stop losses to prevent pinning through positions!!!

Everything I have lost is not mine. Everything I seek is constrained by it.

All things are for my use, not for my possession.

A gentleman uses things, not to be used by things.

The great way is simple; without desire, one is strong; without action, one can achieve everything.

The darkness will eventually pass, but survival is the only path to reach dawn.

You can pay more attention to me, as I share the latest position strategies; doing certain market actions and following trends is always better than blindly opening positions on your own.