August 5 Ethereum (ETH) contract technical analysis: Today, on the daily chart of the larger cycle, yesterday closed with a small bullish candle, the candlestick pattern shows consecutive bullish movements, and the price is consolidating at a high level. The auxiliary indicators are in a dead cross, and the price retracement did not break above the previous high point, so the overall trend of decline still holds an advantage. However, it is important to note that yesterday's retracement interrupted the continuity of the consecutive decline, so this should be taken into consideration. In the short term, the hourly chart showed an increase during the European and American trading sessions, which continued into the early morning, but the price is currently under pressure and declining. The current candlestick pattern shows consecutive bearish movements, and the auxiliary indicators are in a dead cross pointing downwards, which suggests that the decline is likely to continue, but we still need to pay attention to the strength and intensity of the European trading session. Therefore, today's ETH short-term contract trading strategy: short at the 3670 area on retracement, stop loss at the 3701 area, target at the 3605 area; #ETH走势分析 $ETH