The crypto market is like the sea; technical analysis is navigation—but the real captain knows how to read the wind direction and is better at avoiding risks.

What’s the current situation of ETH?

  1. Price stuck at the 'critical line':

    • Current price 3555 USDT, upper pressure 3660, lower support 3470, with a key point in between at 3570.

    • In simple terms: ETH now feels like it's 'walking a tightrope', if it doesn't break 3570, it can still bounce, but if it breaks, it could drop directly to 3470!

  2. Indicators hide secrets:

    • MACD: The fast and slow lines are stuck together, with a stalemate between bulls and bears, but the bars are shrinking to almost nothing, countdown to a reversal!

    • RSI: The 6-hour RSI has surged to 66, nearing overbought but hasn't broken 70, indicating the rise is 'weak', beware of a pullback!

    • Bollinger Bands: The channel is narrowing, with price sticking to the middle line, waiting for a big move!

  3. What is the main force doing?

    • Order ratio +0.96%: Slightly more buying pressure.

    • Funding rate 0.00%, basis -1.6: The futures market is quiet, large funds are on the sidelines, retail investors should not rush!

Second, Shen Ce's viewpoint: How will ETH move next?

My judgment:

  • Short term (1-2 days):

    • If it breaks 3660, it may surge to 3800-3850 (referring to the previous case where it rose 8% after stabilizing at 3570).

    • If it doesn't break 3570, it is highly likely to go to 3470 for support, or even lower (like the last time it broke down and plummeted 12%).

  • Medium to long term:

    • The overall market in August is relatively volatile, don't fantasize about a big bull market, ETH has no independent trend, it follows BTC!

Case reference:

  • Last month, after ETH held at 3570, it rose to 3900 in 3 days, but did not break the previous high, indicating heavy pressure!

  • If it can't even pass 3660 this time, the risk of a pullback is even greater!

Third, what should retail investors do? 3 practical suggestions

  1. Breakout strategy:

    • After stabilizing above 3570, if it pulls back and doesn't break, lightly chase long, target 3660.

  2. Breakdown strategy:

    • If it can't stand above 3570 and RSI is below 50, short in the short term, target 3470.

  3. Buddhist party:

    • Wait for clear direction before acting, don't guess tops and bottoms, it's easy to get cut!

The market is never short of opportunities, what’s lacking is patience—focus on Shen Ce, the next issue will reveal (Main force order code: How to detect ETH reversal signals in advance?)

(Interaction: Do you think ETH can break 3660 this time? Let's discuss in the comments!)#以太坊ETF连续12周净流入