$ETH Short-term fluctuations are slightly bearish, while the medium to long-term trend remains unchanged.

Core range: Fluctuations between $3550 and $3680; if it breaks below $3550, it will look down to $3400, and if it breaks above $3680, it will look up to $3750.

Key indicators:

Volume changes (must maintain a daily trading volume of over $20 billion);

Whether Grayscale selling pressure continues;

Expectations for interest rate cuts in September and progress on ETH ETF.