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Event ends: August 9, 16:00 UTC
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#ETH# Short-term trend: short positions dominate but oversold signals are obvious, with prices approaching key support below, caution is needed for a technical rebound. If the 2,264-2,183 area stabilizes effectively, a Light Position can be attempted to bet on a rebound, with a target of 2,724 resistance level.
Risk warning: If the rebound cannot recover 2,724 and the MACD double lines continue to diverge downwards, the downtrend may continue, probing 2,183 or even lower.
Position Control: In a volatile market, it is recommended to participate with a Light Position, set the stop loss below the support level (for example, stop loss if it falls below 2,264), and refer to the take profit.