Ethereum Analysis on August 4th Early Morning:

In the short term, Ethereum is showing a fluctuating upward trend, with the 3575 position being particularly crucial—this price point not only breaks the current downward adjustment trend but also corresponds to the daily MA5 moving average, which needs to be closely monitored.

It is expected that during the early morning hours, the price will continue to fluctuate below 3575. Overall, it is still in a bearish pattern, and the current market situation can be understood as a brief rebound and correction following an excessive decline in the previous phase.

Big Brother's suggestion: It is advisable to buy around 3540 near #币圈 $ETH .