Technical Analysis of Ethereum (ETH) Contracts on August 2: Today, in terms of the larger cycle, the daily chart closed with a small bearish candle yesterday. The K-line pattern shows consecutive bearish declines, and the price is operating below the moving averages with the indicators showing a death cross. The overall trend of decline is very obvious. Previously, when the price was oscillating within a range, we mentioned the importance of watching for breakouts and continuations. Currently, with the appearance of consecutive bearish movements, whether influenced by news or data factors or others, the trend has emerged. Therefore, we should follow the trend and use it as a reference. In the short cycle hourly chart, there was a price support rebound this morning, and the current K-line pattern shows consecutive bullish candles, with the indicators showing a golden cross. However, the overall trend and price show clear bearish pressure, so caution is still advised. The 30-minute moving average resistance is around 3550; this level can be considered for a short position. Therefore, today's short-term trading strategy for ETH contracts is: short on a rebound in the 3550 area, stop loss at 3580, target at the 3500 area; #ETH走势分析 $ETH