Let's talk about $eth>>

① The two big mountains above, one is near the 3755 line, and the other is near the 3825 line. This rebound that started on August 3rd is actually very close to the first big mountain. After facing resistance and retreating, it has now started to push up again. Okay, if this time it still fails, that's fine; there should be another opportunity. But if we can't get past the 3755 line, then what awaits us will be a more fierce sell-off.

② If this current wave cannot break upwards directly, then the price may face another adjustment, with the target adjustment position probably around 【3600-3620】. Whether this position is a good entry point depends on whether the current price fails to break through directly and goes into adjustment. Yes, if it comes down, it can be a good entry. If it directly starts to attack the 3755 line from this moment and fails to break through before coming down, then it might be time to bury some positions.

③ Regarding the current position, my suggestion is to wait and see. Wait for signals of bullish exhaustion, and then look for opportunities to enter short positions on the right side. Low long positions can also be considered. Look for effective support below, such as the 3660 line, and set a good stop loss.