8.20 Morning Ethereum:

The market continues to show a weak trend. Observing the K-line chart, we can find that although there are occasional bullish attempts for a rebound during the day, each rebound seems to lack strength, as if it were a powerful crossbow at its end.

These rebounds often come to an abrupt halt after reaching key resistance levels, and are immediately met with even more intense pressure from bears.

The MACD histogram continues to operate below the zero axis, and the DIF and DEA dual lines show a bearish arrangement. Although the RSI indicator has entered the oversold zone, no significant divergence signals have yet appeared.

Short around 4135～4170, target focus on 3950

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