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Event ends: August 9, 16:00 UTC
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With two mountains pressing down, ETH is losing even the strength to look up at the high ahead. Once the trend line is broken, the path of the fall is completely clear.
Now the rebound is like tiptoeing to reach the leaves; if you can't reach them, you still have to fall down. Just wait for the short positions to take this opportunity.
Operational advice: Don't be lured by the small rebound around 3800; any rise without matching volume is just a false move. If you're stuck in a short position here, aim for a short-term band between 3680-3580, and keep some long-term position to watch for 3400, taking profits in stages, steadily and surely #币圈# #ETH# .