#晒出我的Alpha积分 2#Gate & WLFI USD1 积分计划将上线 8.8 Morning market overview: ETH rebound reaches a six-month high

ETH has returned to 3940 after 10 days, forming a deep V shape and creating an M double top structure again; 4000 is a chasm that ETH finds hard to cross. Is there an opportunity to short and take a pullback?
ETH is in a rising wedge channel, with a MACD death cross appearing; the left side high short is ambushing at the upper trend line and resistance resonance point 3946, defending 4028, with targets at 3804, 3747, and around 3700; the 3826 level serves as a pivot, waiting for the right side to retest multiple times without breaking or to pull back after a drop to go long, defending 3779, with targets at 3893 and 3940; conversely, if a large bearish candle breaks through, go short with a defense at 3876, targeting 3747 and 3700; low longs can be ambushed at 3675, defending 3631, with targets at 3775 and 3836.
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