Ethereum market reference analysis for the morning of August 4:
Dear followers, it has been a while since the Binance Square posted anything, possibly due to laziness or a long-term feeling of disinterest. A fan mentioned it yesterday, so I’m posting a reference today. The following Ethereum analysis is solely my personal opinion for short-term operations and is for reference only!
Following yesterday's multi-unit error of 3 points, after the live stream indicated a buy, there was a rebound with profits of over 100 points, and short positions yielded a profit of 20 points. In the afternoon, I reminded about shorting, resulting in two trades with profits of over 50 points.
Recently, the win rate has remained quite stable, with the support of the live stream trading, essentially maintaining a high win rate.
Currently, in the 1-4 hour timeframe, the 1-hour is in a bullish fluctuating upward trend, while the 4-hour is in a bearish dominant market. Pay attention to 3459 in the 1-4 hour and 3528 in the 4-hour; as long as the rebound stabilizes and does not break, it is highly likely to continue upward. If 3459 breaks, then we need to look for support opportunities for long positions below.
Support levels: 3395-3405, 3352-3362, 3250-3260
Resistance levels: 3500-3510, 3560-3570, 3595-3605