8.6 Morning ETH Analysis

Ethereum tested the support level around 3550 early in the morning, with the current price stabilizing around 3580 after a decline. In the short term, Ethereum is under pressure from both sides, and there may be signs of consolidation during the day. On the technical side, both the daily and 4-hour charts show a trend towards bearishness. Daytime consolidation will undoubtedly exacerbate market anxiety. In the morning, the strategy is to look for a rebound and consider a short position, and after the bottom stabilizes, then consider whether to enter long positions.

Cousin's suggestion: Maintain good defense, around 3560.