Crypto Mr. Coin: 8.4 Ethereum (ETH) Market Analysis Reference;

Ethereum has recently made a short-term rebound, currently approaching the 3500 level. The short-term rebound is losing strength, and the upward trend resistance is slowly moving down. The subsequent strategy still suggests focusing on short positions, with resistance levels to watch around 3530. If the intraday rebound fails to break and stabilize in this area, there is still a risk of a pullback.

The 4-hour chart shows a continuous decline with bearish candles. On August 2nd at 04:00, a long lower shadow tested the 3368 low but failed to rebound. The daily chart has formed a three consecutive bearish candle structure, and on August 3rd, the closing price broke below the 3400 psychological level, confirming short-term bearish dominance. MACD: The 4-hour DIF and DEA have been consistently below the zero line, and the MACD histogram has expanded to -49.72, with the daily golden cross failing and reopening downwards. EMA: The price has fallen below all EMAs (7/30/120), with 3449 acting as a resistance level on the 4-hour chart, and 3557 as strong resistance on the daily chart. The operation still suggests focusing on short positions during rebounds.

8.4 Ethereum short-term reference:

Long entry point in the range of 3530-3580, with a stop loss at 3780, and a target below 3480;

Short entry point in the range of 3320-3270, with a stop loss at 3100, and a target above 2400;

The publication of the article is delayed, and the strategy suggestions are for reference only. Market conditions change rapidly, regardless of how confident you are in market judgments, always manage your take profit and stop loss effectively for peace of mind #美国加征关税 #BTC #ETH #ETH🔥🔥🔥🔥🔥🔥 #以太坊十周年