🚨 Ethereum August 7th Trends: Fluctuating Narrowing Awaiting Breakthrough, Bull-Bear Showdown Today!
✅ Prediction Review: Trend Accurately Grasped
The day before emphasized "3,550 as the boundary between bulls and bears"; yesterday ETH peaked at **3,645 before quickly retracting, now reported at $3,607 (up 1.02% intra-day), the fluctuation range perfectly hit**! Bear pressure remains strong, bull counterattack is weak, the rhythm is under control 🔥
📊 Current Market Core Signals
1. Technical Analysis: Triangle Convergence Awaiting Breakthrough
◦ 4-hour chart: Price persistently fluctuates in the range of 3,555 (support) ↔ 3,745 (resistance), Bollinger Bands extremely narrow, MACD close to the zero line, indicating a one-sided trend must occur within 24 hours! #香港稳定币新规
◦ Bull-Bear Contest Points:
▪ Bullish Critical Point: Stabilize above 3,645** (yesterday's high), target **3,745 (upper range);
▪ Bearish Killing Move: Breaking below 3,555** (4-hour EMA60) will trigger accelerated selling to **3,430 (strong weekly support).
2. On-Chain Under Currents: Institutions Quietly Positioning
◦ Huge Capital Ambush:
▪ Cumberland withdrew 37,000 ETH (about $130 million) from Coinbase last night, suspected low-level accumulation;
▪ 64 institutions' total ETH holdings surpassed 3.04 million (accounting for 2.5% of circulation), BitMine holds 830,000, clear long-term bullish signal;
◦ Risk Warning: Coinbase ETH still maintains a negative premium, retail follow-up insufficient, rebound sustainability in doubt.
🌐 Today's Catalysts: Keep an Eye on These Two Fires!
1. Macroeconomic Turning Point:
◦ Evening US stock market opening (especially Nasdaq performance), if tech stocks plunge, ETH may drop 3%+;
◦ Federal Reserve officials' speeches: Any "hawkish hints" will suppress risk assets.
2. On-Chain Liquidation Minefield:
◦ Below $3,555 accumulates 120 million long positions, breaking this will trigger a chain liquidation;
◦ Above $3,745 ambush 80 million short positions, breaking will force a squeeze upwards.
💎 Ultimate Operation Strategy
In fluctuating markets, only eat from both ends; do not hesitate to chase after a breakout!
Direction Trigger Conditions Target Stop Loss
Trend Following Short Break below $3,555 3,430** 3,580
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#BullBearShowdown # #ETH巨鲸增持 #以太坊变盘
Iron Rule: At the end of fluctuations, stop losses must be in place; profit runs in breakout markets! The market always rewards disciplined traders 🔥
Data Sources: TradingView, Glassnode, CoinWorld
