Brothers, let me talk to everyone about the situation and operational thoughts of ETH on August 3rd.

Currently, ETH is approximately $3450, down 4.26% in the last 24 hours, with three consecutive days of declines on the daily chart, clearly indicating that bears are in control in the short term. From a technical perspective, the green bars of the 4-hour MACD are still growing longer, and the bearish momentum is quite strong; however, the RSI on the hourly chart has dropped below 30, which indicates that it is oversold, and there might be a slight rebound. The Bollinger Bands on the hourly chart are quite narrow, with prices fluctuating below, with volatility roughly between $3360 and $3460.

Key levels to note: $3455 is the resistance of the 4-hour EMA, and $3570 is a strong resistance on the daily chart, which is difficult to break.

Market sentiment is a bit panicked, with a 5.98% decrease in contract positions, and spot selling is dominating the decline. The situation with the whales is also quite interesting; Anchorage Digital bought 14,900 coins at $3487, while Arthur Hayes sold 2,373 coins, cashing out $8.32 million, indicating significant divergence.

Morning Brother's operational thought today is to consider shorting around $3455-$3465, targeting $3405-$3380. Most importantly, risk must be well controlled, and don't forget to set stop-losses; being cautious is always a good strategy. #ETH