ETH Outlook and Trading Suggestions At the current price of 1873.46, the market shows a slight short-term advantage for bullish sentiment, with a modest rebound and recovery following the broader market. However, this rise is a correlated rebound, with weak independent upward momentum. Trading volume has not expanded effectively during the rebound, while trapped positions above continue to exert pressure. The short-term recovery in sentiment is merely a technical correction within the range, not a trend reversal signal. A confirmed bullish structure has not emerged in the medium term, so continue to focus on range trading in the short term and avoid blindly chasing highs. Wait for the price to rebound and test the 1890‑1910 resistance range, then gradually build short positions after resistance is confirmed; First target: 1860; second target: 1830. If the price effectively stabilizes above 1950, temporarily abandon the strategy of shorting at highs. Be patient and wait for key levels to enter during the range-bound market.#Gate上线宇树科技盘前合约 $ETH

Tuesday Summary, Aug. 5 Early Wednesday Bitcoin and Ethereum Market Analysis and Trading Recommendations Looking back, yesterday’s overall market maintained a wide-ranging oscillation within the 64200-63300 range. No clear one-sided trend emerged throughout the day, with longs and shorts repeatedly battling. At midday, the bulls attempted to push upward, but were rejected and pulled back after reaching around 64200. Upward momentum remained insufficient, while the bears also failed to achieve an effective downside breakout, repeatedly testing the support below after being pressured back. With no clear one-sided trend, quick in-and-out short-term trading is the optimal approach. Zhilan’s live trading operations yesterday focused mainly on short positions. BTC secured a total of 1249 points during the day; ETH’s overall volatility was limited, but it still brought in a modest 21 points of profit. Profits should not be overextended in a range-bound market—even small gains can accumulate gradually. The current short-term market continues to consolidate sideways. The rebound has consistently failed to achieve an effective upside breakout, with overhead resistance remaining firmly suppressive. After the consolidation, the bears still have the potential to dominate the market. On the daily timeframe: the candlestick bodies of the rebounds over the past few days have been relatively small, with long upper wicks left above, indicating heavy selling pressure upon reaching higher levels. The bearish candles are full-bodied and powerful, so there is still a need to move downward again to seek support. On the 4-hour timeframe: the market remains in a downtrend channel. The current rise is merely a rebound, not a reversal. After rebounding near the previous resistance level, upward momentum has clearly stalled, with small alternating bearish and bullish candles, and the consecutive candlesticks all featuring long upper wicks. On the hourly timeframe: the candlesticks have frequently formed topping and resistance patterns in the resistance zone. If this pattern of weak upward movement and clear rejection fails to break through effectively, a new round of decline will most likely begin. ETH’s 1850 support has been tested repeatedly. Although each test has triggered a short-term rebound, the rebound highs have continued to move lower, forming a typical weak structure. If the bulls again lack the strength to break above the previous high at 1898, the probability of subsequently breaking below the 1850 support is very high, and the market will again test the previous low at 1820. BTC: Short around 64200, targets 63300→62200 ETH: Short around 1875, targets 1850→1802 #Gate上线宇树科技盘前合约 $BTC ‌$ETH ‌

🚀 The market does not reward the hasty; it rewards the patient. I continue building my portfolio step by step, focusing on long-term investing and risk management. 📈 Which digital currency do you think will perform best in the coming period? Why? Share your opinion in the comments! ?#Crypto #Bitcoin #Ethereum #Gateio? $SOL ‌$BTC ‌$ETH ‌