August 3rd, Afternoon Big Coin Ethereum Market Analysis
The big coin is entering a phase of repair and consolidation, with short-term weak fluctuations. The focus is on short positions at highs and long positions at lows during the day. After a pullback, panic sentiment may rise. If the rebound is weak, the downtrend is likely to continue. Currently, the rebound is weak with strong resistance. The hourly chart shows four consecutive bearish candles, indicating a strong bearish sentiment. Short positions can be taken on rebounds.
The big coin can be monitored around: 113500-113700, with a target of breaking down to 112500-112000.
The Ethereum can be monitored around: 3450-3460, with a target of breaking down to 3400-3380.