Crypto world: 8.4 Ethereum (ETH) today's latest market analysis reference

Ethereum has recently rebounded in the short term and is currently near the 3500 position. The short-term rebound is starting to lose momentum, and the upward trend resistance is gradually descending. The subsequent strategy still suggests focusing on short positions, with resistance to watch around the 3530 position. If the intraday rebound does not break through and stabilize in this area, there is still a risk of a pullback.
The 4-hour level shows a continuous decline with bearish candles. On August 2nd at 04:00, a long lower shadow tested the low of 3368 but failed to rebound. The daily level formed a three consecutive bearish structure, and the closing price on August 3rd broke through the 3400 psychological level, confirming a short-term bearish dominance. MACD: The 4-hour level DIF and DEA continue to remain below the zero axis, with the MACD histogram expanding to -49.72. After the daily golden cross failed, it opened downwards again. EMA: The price has fallen below all EMAs (7/30/120), with 3449 at the 4-hour level becoming a resistance level, and 3557 at the daily level as strong resistance. Operationally, it is still recommended to focus on short positions during rebounds.
8.4 Ethereum short-term reference:
Go long in the 3530-3580 range, defend at 3780, stop loss: 30 points, target below 3480,
Short position in the range of 3320-3270, with a stop loss at 3100 and a target above 3400.
There is a delay in sending the article, and the strategy suggestions are for reference only. The market changes rapidly; no matter how confident you are in your market judgment, you must always manage your take-profit and stop-loss effectively to secure your gains.