Crypto Circle Mr. Coin: 8.3 Ethereum (ETH) Market Analysis Reference;

Ethereum faced resistance at 3530 and after a pullback, multiple attempts to break the resistance area were unsuccessful. The price fell below short-term support, experiencing a strong pullback, temporarily alleviating the downtrend when it reached the low of 3367. Currently, the price is rebounding around 3400, and the short-term price volatility is significant, with short positions having broken downwards. Therefore, the subsequent trading strategy suggests focusing on short positions during rebounds, with long positions as a supplement.

The 4-hour chart shows a continuous decline with bearish candles, and on August 2 at 04:00, a long lower shadow tested the low of 3368 before failing to rebound. The daily chart has formed a three consecutive bearish candle structure, with the closing price on August 3 breaking below the 3400 round number, confirming short-term bearish dominance. MACD: The 4-hour level DIF and DEA continue to stay below the zero axis, and the MACD histogram has expanded to -49.72, reopening downwards after a failed golden cross on the daily chart. EMA: The price has fallen below all EMAs (7/30/120), with 3449 becoming a resistance level on the 4-hour chart and 3557 as strong resistance on the daily chart. Focus on resistance around 3560 above and support around 3320 below.

8.3 Ethereum Short-term Reference:

For long positions, test buying in the 3530-3580 range, with a stop loss at 3780 and a target below 3480;

For short positions, test selling in the 3320-3270 range, with a stop loss at 3100 and a target above 2400;

There may be delays in article transmission, and the strategy suggestions are for reference only. The market changes rapidly; regardless of how high the confidence in market judgments is, always set stop-loss and take-profit levels to secure profits. #加密项目 #美国加征关税 #加密市场回调 #美国初请失业金人数 #BTC