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

What is the current situation of ETH?

  1. Price stuck at the 'death line':

    • Current price 3555 USDT, upper pressure 3660, lower support 3470, and there is also a key level at 3570.

    • Simply put: ETH is now like 'walking on a tightrope', if it doesn't break 3570, it can still bounce, but if it breaks, it might drop directly to 3470!

  2. Indicators hide mysteries:

    • MACD: The fast and slow lines are glued together, the bulls and bears are in a tug of war with no result, but the bars are shrinking to almost gone, countdown to a trend change!

    • RSI: 6-hour RSI surged to 66, close to overbought, but did not break 70, indicating the rise is 'weak', beware of a pullback!

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

  3. What is the main force doing?

    • 委比 +0.96%: Slightly more buying pressure.

    • Funding rate 0.00%, basis -1.6: The contract market is quiet, big funds are observing, retail investors don't rush!

Second, Captain's view: How will ETH move next?

My judgment:

Short term (1-2 days):

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

If it does not break 3570, it is likely to go to 3470 for support, or even lower (like the last time it broke down by 12%).

Medium to long term:

The overall market in August is relatively volatile, don't fantasize about a bull market, ETH does not have an independent trend, it follows BTC!

Case reference:

Last month, ETH held at 3570, and within 3 days it rose to 3900, 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 greater!

Three, what should retail investors do? 3 practical suggestions

  1. Breakout strategy:

    After stabilizing at 3570, if it retraces without breaking, lightly chase long positions, target 3660.

  2. Breakdown strategy:

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

  3. Buddhist party:

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

The market is always full of opportunities, what is lacking is patience—pay attention to the captain, the next issue will reveal (main force order code: how to detect ETH trend 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