The key point to watch is whether it can rise to 3900.73-4107.80

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(ETHUSDT 1D Chart)

The upward trend continues, with the M-Signal on the 1D chart > M-Signal on the 1W chart > M-Signal on the 1M chart.

Therefore, if the price holds above 3265.0-3321.30, a medium- to long-term uptrend is likely.

Currently, the HA-High ~ DOM(60) range is formed across the 3265.0-3762.33 range on the 1M, 1W, and 1D charts.

Therefore, the key question is whether support is found within the 3265.0-3762.33 range.

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While the price is trending upward along the short-term trendline, if it falls below the short-term trendline and encounters resistance by falling below the M-Signal indicator on the 1D chart, a decline to the 3265.0-3321.30 range is likely.

ETH's volatility period is expected to last from August 6th to 10th.

The key point to watch is whether it can rise above the 3900.73-4107.80 range after this volatility period.

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Since the StochRSI indicator has entered an oversold zone, the downside is likely to be limited.

Since the OBV indicator of the Low Line ~ High Line channel remains OBV > OBVEMA, a significant decline is unlikely.

However, since the TC (Trend Check) indicator is below zero, selling pressure is dominant.

Therefore, a decline below 3708.87 could lead to further declines. However, as previously mentioned, the decline is likely to be limited, so a significant decline is not expected.

Once the M-Signal indicator on the 1D chart is encountered, the trend is expected to re-establish itself.

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Thank you for reading to the end.
I wish you successful trading.

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- This is an explanation of the big picture.

(3-year bull market, 1-year bear market pattern)

I will explain in more detail when the bear market begins.

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