Ethereum follows Bitcoin's trend, on August 5 it briefly broke through the resistance level of $3600 to reach $3692, but then retreated to around $3550 for oscillation. Supported by the completion of the Pectra upgrade during the day, the weekly increase reached 27.65%, but in the short term, it faces profit-taking pressure, and attention needs to be paid to the effectiveness of the $3550 support.

From a technical perspective, the daily RSI (14) is in the neutral zone at 58, and the MACD indicator's red bars are narrowing, indicating short-term pullback pressure. On the four-hour chart, the candlesticks are still near the middle track of the Bollinger Bands, the MACD red bars are starting to expand continuously, and the KDJ bears still have some room to move downward.

Long position operation range suggestion: If the price does not fall below $3500, a light position can be taken near $3510-$3520, with a target of $3580-$3600 and a stop loss set at $3480.

Short position operation range suggestion: If the price does not form an effective breakthrough at $3600, a light position can be taken near $3600, with a target down to $3500 and a stop loss set at $3640.