Analysis Ideas for Ether Market on the 8.1

The 15-minute candlestick chart shows a continuous downtrend, with the price breaking below the 24-hour low support. The moving averages (MA5, MA10) are significantly above the current price, indicating that bearish forces dominate; however, there is still a certain increase in the 30-day and 90-day cycles, so attention should be paid to the key support level defense and the resistance game against rebounds.

Suggested Point

• Short-term support: 3616.66 (24h low point, if effectively broken, look at the 3600 level)

• Short-term resistance: 3700 (previous small platform, breaking through can look at 3758 previous high)

• Stop loss reference: Close position if long if it breaks 3600; Close position if short if it breaks 3758.

(Note: The risks of virtual currency are extremely high, and virtual currency transactions within China are not protected by law. Participation is advised to be cautious.)