$ETH Latest Report on US Stocks Correlation as of August 4, 21:45; Current price of Ethereum is 3597.55, up +3.06% in 24 hours, strongly breaking through the upper Bollinger Band after the US stock market opens.

As analyzed two days ago on Saturday during the correction, Ethereum could be bottomed out at 3350, and if Ethereum holds above 3450 on Monday, it can be considered bullish.

$ETH currently has multiple long positions that are still making profits, with long positions at several different entry points such as 3450, 3480, and 3550. If it stabilizes above 3610, consider entering a long position.

The important action at 9:30 AM for US stocks:

1. US technology stocks lead the rally - NASDAQ +0.86%, chip stocks rebound, Coinbase +5.2%. - Capital siphoning effect, institutional funds shifting to crypto-related assets.

2. Technical breakout - breaking through the upper Bollinger Band at 3579.70, bulls have strong control. - RSI(6) at 68.58 is not overbought, still has room for upward movement.

3. On-chain signals - Whales' addresses increased holdings by 28,000 ETH in about 1 hour, approximately $100 million. - Short liquidation totals $110 million in 24 hours, forcing short squeeze continues.

Operational strategy: No position / chase long

Long position assault, pullback at 3585, position size 30%, stop loss at 3570, target 3630.

Chase short on breakout, if it breaks below 3575, position size 30%, stop loss at 3590, target 3540.

Place a long order at 3585, 30% position size → betting on the continuation of the US stock rally, absolute stop loss at 3570 → guarding against data black swans. Breakout confirmation signal, stabilize above 3610 for 15 consecutive minutes.

Brothers, the post is still a bit late, typing slowly. Now all strategies are being realized one by one while I type, but it doesn’t matter; the reasons for the rise are all here. There are strategies after the market opens at 23:30,

if you want to keep up, you can follow me first!

It’s about to reach my expected target level of 3650 this afternoon, and there will be big moves next, expected around 80-150 points 🚗🤧