Xu Xu Baby's Analysis of Ethereum Trends on August 3:

After several days of decline, Ethereum is currently showing a bottoming formation in the 4-hour cycle, while the MACD indicator's green bars are continuously narrowing, signaling an initial attempt to halt the decline and stabilize. However, the overall downward trend has not yet been completely reversed; it is merely a sign that the rebound momentum after the short-term overselling is beginning to manifest.

During this phase, the risk of blindly chasing short positions is relatively high; it is more suitable to remain on the sidelines or to try light positions for potential recovery opportunities on the right side.

During the rebound, the 3480 and 3550 areas will be key resistance levels. If there is subsequent volume support, the rebound space is expected to further open up, and a move above 3600 cannot be ruled out.#ETH走势分析