ETH Analysis August 5: Strong Rise, Trend Reversal

Strongly broke through 0.618, at the 3670 position, while also breaking through a strong resistance zone, forming a reversal trend.

In the short term, draw a trend line, rising along the trend line, and you can go long along the trend line, target positions: 3820, 3880 (this is the point for going short, the pressure will be relatively high here)

After breaking through 3880, look for around 3940 and 4100 $ETH