8.1: ETH Market Analysis

Monthly Structure: July closed with a gain of 48.8%, but the upper shadow suggests selling pressure at high levels. Currently, it is in a potential triple top formation, and we need to be cautious of the risk of trend reversal.

Daily Level: Top Signal: Recently, there have been 'three consecutive bearish candles with upper shadows', combined with a break below the moving average support, indicating the exhaustion of bullish momentum. Volume decreased on the way up and increased on the way down, reflecting a decrease in capital participation, consistent with the characteristics of a top consolidation and decline.

Key Support: 3400 (MA30) serves as a dividing line between bulls and bears. If it breaks down, it opens up downward space to the 3200-3000 level.

4-Hour Short-Term: After testing the 3860 resistance twice yesterday, it turned down. There was a brief rebound in the morning, and it may see a slight recovery in the Asian session, but 3730-3760 forms strong resistance.

Trading Strategy: Short at the rebound of 3730-3760, with a stop loss above 3800, targeting 3630→3600.

If it breaks below 3600, you can follow the trend down to the 3500-3400 support zone, paying attention to the strength of bullish defense.

Brothers who are unclear about the direction of trading can feel free to reach out to me (click on the avatar) for one-on-one answers to your trading questions! #美国加征关税 #白宫数字资产报告 #稳定币热潮 #以太坊十周年