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Event ends: August 9, 16:00 UTC
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7.20 Evening ETH Analysis:
Looking at ETH again, today's surge is quite strong, firmly standing above 3700 without really exerting itself. This momentum clearly seems to be aiming for 3900 by the weekend!
After such a long period of fluctuation, once it breaks through a key level, the explosive power can be significant. Those who have chips should hold steady, and those who haven't gotten on board should keep an eye on the rhythm, so they don't regret chasing after it once it takes off.
Trading advice: The area around 3730-3700 is a good opportunity for long positions. In the short term, we are looking at a range of 3770-3830; if it stabilizes, we can move higher. The long-term targets of 3900 and 4000 are completely feasible. Entering the market in this range, with a good stop-loss set, offers a high cost-performance ratio. Keep up with this momentum, and the profit potential is worth looking forward to.