Crypto world coin Mr.: 8.3 Ethereum (ETH) market analysis reference;
After Ethereum faced resistance at 3530 and rebounded, it has made several attempts to break through the resistance area but failed. During the day, it pulled back and broke below the short-term support, showing a strong downward correction, with the low reaching 3367 where the decline temporarily eased. Currently, the price is rebounding around 3400, and the short-term price volatility is significant, with short positions already breaking downwards. Therefore, the subsequent operation is advised to focus on rebound short positions, with occasional support for long positions on pullbacks.
The 4-hour level shows a continuous decline with bearish candles. On August 2 at 04:00, a long lower shadow tested the low of 3368 but failed to rebound. The daily level has formed a three consecutive bearish structure, and on August 3, the closing price broke through the 3400 integer level, confirming the short-term bearish dominance. MACD: The 4-hour level DIF and DEA continue to stay below the zero axis, and the MACD histogram has expanded to -49.72. After the daily golden cross failed, it opened downward 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 being a strong resistance. The upper resistance to watch is around 3560, while the lower support to focus on is near the 3320 position.
8.3 Ethereum short-term reference:
Buy in the range of 3530-3580, defend with a supplement at 3780, stop loss: 30 points, target below 3480,
Short at the range of 3320-3270, protect with a supplement at 3100, target above 2400,
There is a delay in article delivery, and the strategy suggestions are for reference only. The market changes rapidly, and no matter how high your judgment of the market may be, it's essential to have stop-loss and take-profit measures in place to secure your gains. $BTC $ETH $IOST $LTC#6 BTC全民空投限时派送中#