ETH K-line pattern:

Recently, the price has shown a clear downward trend, especially the sharp decline for several consecutive days since August 2. There are many long black candlesticks, indicating that the market is under great selling pressure.

Technical indicators:

MACD: The MACD histogram continues to be below the zero axis, and both DIF and DEA diverge downward, showing a strong short signal. RSI: The RSI value is currently in the oversold zone (9.94), but there is no sign of rebound yet, so we need to be alert to further downside risks.

EMA: The short-term EMA (7) has quickly crossed the medium- and long-term EMA (30,120), forming a dead cross, confirming the current downward trend. EMA(7)=2599.11, MA(30)=2928.81, EMA(120)=3181.54.

Trading volume:

The trading volume from 08:00 to 12:00 on August 5 was significantly enlarged (4616995), accompanied by large price fluctuations, indicating that the market sentiment was intense. Overall, the trading volume has gradually increased in recent trading cycles, indicating that market participants have a high degree of attention to the current price.

Buy and sell points]

Buy point -: 2200 USDT (reason: close to the previous band low, the integer level has strong support)

Buy point 2: 2150 USDT (reason: further exploration to a lower integer level is expected to form a double bottom support)

Long stop loss point: A2100 USDT (reason: if it falls below 2150, it may continue to fall sharply, and stop loss should be stopped in time)