Market analysis of Ethereum (ETH) (July 2):

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Early in today's trading, Ethereum formed a shooting star closing pattern and encountered obvious upward resistance at the $3540 level. The main support currently concerned is around $3410. The four-hour chart shows that the price has begun to fall slowly, and the bulls are obviously insufficient. In the future, special attention needs to be paid to whether support for retracement can be found at $3410.

On the four-hour chart, the $3530 level will be a key suppression level. The one-hour chart shows that the price as a whole remains in the Boll descending channel, and the bears continue to increase. The focus in the future is to see whether it can stop falling and rebound.

Based on the above analysis, it is recommended to pay attention to whether Ethereum can maintain a rebound in the future, and a short-selling strategy can be considered.

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