August 4th Ethereum (ETH) Contract Technical Analysis: Today, in terms of the larger cycle daily level, yesterday's closing was a small positive candle. The candlestick formation has a series of downward candles followed by a single upward candle at a low price. The attached indicators are running with death crosses, and the overall trend of decline is still very obvious. However, there is currently no clear downtrend signal at the larger cycle weekly level, so we still need to be cautious of the risk of price pullbacks. In the short cycle hourly chart, the price found support and rebounded early yesterday morning, continuing to touch the high point of the day in the 3475 area, which then faced pressure and retreated. The current candlestick formation also has a series of downward candles, and the attached indicators are running with death crosses, so it is highly likely that there will be a decline during the European session. It is crucial to pay attention to the price breaking below the low point of the day. Therefore, today's short-term ETH contract trading strategy is: current price in the 3550 area for short, stop loss in the 3580 area, target looking at 3500#ETH走势分析 $ETH .