$ETH Last night the long position at 3580 has gained over 220 points now.

The battle between bulls and bears is intense, and this key position is the lifeline for short-term bulls!

Let's briefly discuss the market trends tonight. Although there has been a short-term rebound, it is not yet time to relax.

The 4-hour K-line showed a hammer candlestick (noon on August 6), and the long lower shadow indicates that support around 3569 is very strong, with some buying the dip.

The daily line has had long upper and lower shadows for three consecutive days (August 4-6), with the bull-bear contest concentrated in the 3600-3700 zone.

Short-term bulls have defended the key support at 3569.

The 3600-3700 range is a dividing line for bulls and bears; a breakthrough upward could lead to further momentum.

Before the MACD shows a peak divergence and before the moving averages cross positively, it is not advisable to be too aggressive.

Next, pay attention to the trading volume and whether the daily line can break through 3700 with volume; a move upward without volume is likely a false breakout.

For a more cautious approach, one can wait for a pullback to confirm support before entering, while those who are more aggressive can try a small position on the long side, with a stop-loss placed below 3560!