Crypto Market: 8.4 Ethereum (ETH) Today's Latest Market Analysis Reference
Ethereum has shown a short-term rebound and is currently near the 3500 level. The short-term rebound is starting to lose momentum, with the upward trend resistance slowly moving down. The subsequent strategy suggests focusing on short positions, with resistance above around the 3530 level. If the intra-day rebound does not break and stabilize in this area, there is still a risk of a pullback.
The 4-hour level shows a continuous decline in bearish candles. On August 2 at 04:00, there was a long lower shadow attempting to test the 3368 low before failing to rebound. The daily level has formed a three consecutive bearish structure, and the closing price on August 3 broke through the 3400 integer level, confirming short-term bearish dominance. MACD: At the 4-hour level, the DIF and DEA continue to be below the zero axis, with the MACD histogram expanding to -49.72. After the daily golden cross failed, it reopened downward. EMA: The price has fallen below all EMAs (7/30/120), with 3449 becoming a resistance level at the 4-hour level, and 3557 being a strong resistance at the daily level. The operation still suggests focusing on short positions during rebounds.
8.4 Ethereum short-term reference:
Lower test entry points in the 3530-3580 range for long, defend at 3780 to add, stop loss: 30 points, target below 3480,
Upper test entry points in the 3320-3270 range for short, defend at 3100 to add, target above 3400,
The article is sent with delays, and the strategy suggestions are for reference only. The market changes rapidly, and regardless of how accurate the market judgment is, proper profit-taking and stop-loss measures must be in place for safety.
