Good morning, everyone ☀️ Today is August 7, 2025, and ETH is bearish on the 4-hour level. The ETH 4-hour level has formed a series of small bullish candles, with the current price close to the previous high point around 3696, indicating short-term pressure.
The trading volume on the 4-hour chart has decreased, suggesting that the current upward momentum may be insufficient, and we need to pay attention to the key resistance level of 3735. If it cannot break through, a larger correction will follow.
- Short entry point one: 3695 USDT (Reason: Previous high resistance level, close to the highest point on August 5, and the round number may generate selling pressure)
- Short entry point two: 3745 USDT (Reason: Higher resistance area, close to the second highest point after the surge on August 4, with significant selling pressure)
- Short stop-loss point: 3765 USDT (Reason: If it breaks above short entry point two and forms a new high, the bullish trend continues, and shorts need to stop loss in time)