Where will ETH drop to? August 2

Draw the downward trend line, the obvious downward trend line is suppressing, this point is the most cost-effective for shorting, just set a stop loss for a breakout.

3540 has a clear resistance level; if it breaks the downward trend line and creates a higher high, recovering 3540 gives hope for a stop and rebound here.

If looking to the left, referring to the last significant pullback experience, the 0.618 point of the daily line's power point is around 3320, which happens to be a crucial resistance support position $ETH .