🚀【ETH August 5 Morning Report】
🔥As of 8 AM today, ETH is priced at $3,703, with a slight decrease of about 0.3% in 24 hours, maintaining a narrow range of fluctuation between $3,703 and $3,720. The current technical performance is neutral to strong, with MACD slowly recovering and RSI close to the midpoint, while the short-term direction remains unconfirmed.
💰In terms of funds, ETH ETF has accumulated a net inflow of over $5,400 million in July. Although there was a small outflow of $152 million last week, the overall institutional allocation attitude remains robust. Large holders on the chain maintain stable positions, and long-term confidence has not wavered.
🏫From the news perspective, the SEC has approved the physical creation and redemption mechanism for ETH ETF, and legislation for DeFi and stablecoins is also progressing, laying a policy foundation for the long-term ecosystem. In the short term, U.S. stock market consolidation and ETF short-term fluctuations may affect ETH's rhythm.
🎯Operation suggestions:
• Aggressive traders may focus on the breakout opportunity of the volume in the $3,565 to $3,680 range this morning, with a light position aiming for $3,800.
• Conservative traders are advised to observe whether a bottom is formed around the $3,520 area during the fluctuation and to confirm a stop-loss before positioning.
• Medium-term investors can take the opportunity to accumulate in batches in the $3,480 to $3,550 range, keeping the target at $3,800 to $4,000.
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