According to the existing information, ETH has shown a certain pullback trend in the past three days, with price fluctuations. From the perspective of technical indicators, the short-term outlook is bearish. The specifics are as follows:

Price Trend: The ETH price has declined in the past three days. On August 1, the price was $3717.50, down 3.76% from the previous day, with a 24-hour fluctuation of 7.24%, reaching a high of $3878.67 and a low of $3616.66. As of around 11 AM on August 4, the ETH price is near $3560, having previously reached a support level of around $3350 on August 3 and then rebounding.
Market Analysis: From a technical indicator perspective, based on the 4-hour candlestick analysis on August 1st, the MACD line crosses down through the signal line from above, forming a death cross, indicating a bearish market. The histogram shifts from positive to negative, showing the bears gaining strength; the KDJ indicator indicates an overbought condition. Overall, the short-term trend is leaning bearish.
Future trend prediction: Some believe that this week ETH is likely to experience a moderate-scale decline. If the drop expands, ETH may test around the 3000 points. From the intraday perspective, the 3560-3600 range is a resistance level, and the first support level can be observed in the 3450-3500 range. If it breaks below, further attention can be given to the support in the 3380-3420 range. #Alpha 积分系统上线