Xu Xu Baby says that on August 2, Ethereum (Second Cake) market analysis in the early morning:

Observing the 4-hour K-line trend, the downward trend of Ethereum is becoming increasingly clear. The price continues to test support levels, and the previous consolidation range has been effectively broken, with bears beginning to take control of the market rhythm. This means that the phase of sideways consolidation has officially come to an end, and the market has clearly shifted into a downward channel.

For evening operations, it is recommended to follow the principle of 'trading with the trend' and primarily focus on establishing short positions at high levels.

Specific reference: short positions can be entered in the range of 3680-3720, with a short-term target looking towards the 3600-3500 area.