ETH is truly V, no need to look at too many resistance levels, it may soon enter a new round of interest rate cuts, which is favorable for the crypto circle.

Before starting to speculate on the interest rate cut cycle, there will most likely be a pullback to accumulate upward momentum; in August, one should prepare to build long positions at lower prices.

In the short term, still focus on the current resistance range of 3880-3940, and prepare for trades on false and true breakouts.

In the evening, consider short positions in this range, with targets at 3730, 3630, 3560.