8.1 Ether midday thought analysis

The operational viewpoint provided by ETH yesterday completely met expectations, and the entire price fluctuation range was perfectly grasped, bringing about great trading opportunities.

Currently, ETH has broken through the daily support level, and market sentiment is leaning towards a downward trend. Therefore, it is likely to continue retracing and gradually test the support area below. In the short term, we need to pay attention to the important resistance range of 3720-3750. If the price rebounds within this range and does not break through this area, a direct short position can be considered. The initial target is set around 3630, and if there is further breakdown, the subsequent support target can be aimed at 3520.

When operating, it is advisable to remain cautious, avoid chasing highs, strictly set stop losses, ensure that risks are controllable, and respond flexibly to market changes.