Crypto Academician: Ethereum bears are back on track for a comeback on August 6th, with the downward trend continuing. Seize the opportunity to turn things around! Latest market analysis and reference suggestions

The fundamental aspect of trading is survival, followed by returns. Therefore, before each operation, carefully consider whether your action is reasonable and if your principal is safe. Develop a trading strategy that belongs to you and continuously optimize it. The advice from crypto scholars may not make you rich overnight, but it can help you survive in the crypto market long-term. Only those who persist until the end can achieve the results they desire. I hope you understand. Don't forget, the darkest moment is often just before dawn. On the path of chasing dreams, you are never alone; you still have me. I am a crypto scholar, a warrior who has been protecting investors. I wish my fans financial freedom by 2025, let's work hard together! Crypto Scholar: Latest Market Analysis for ETH on August 6, 2025 ETH is currently priced at 3680, and it's 1 AM Beijing time. Yesterday, I clearly stated that the resistance near 3715 marks the end of the V-shaped pattern. After the pattern is confirmed, it can move downward. If you missed it, you'll have to wait for the next opportunity. We'll move down at 3720. For specific trading details, you can consult the author for reference and see how I choose entry and exit points. Before publication, the daily candlestick reached a high of 3720 and a low of 3555. The EMA15 fast line support at 3586 was breached. The next step is to see if the daily pullback will break the previous low EMA30 line at 3409 and the 0.618 Fibonacci support at 3346. If it holds, it will form a Double Bottom bullish indicator. Therefore, you can go long near the Fibonacci line. Before that, focus on moving downward. MACD is accumulating with reduced volume, DIF and DEA are diverging downward at the high point. The Bollinger Bands continue to contract, with the upper band resistance now at 3900, middle band resistance at 3665, and lower band support at 3405. The overall trend is short-term bearish. The 4-hour K-line is gradually recovering the EMA trend indicator's upward momentum. The fast line failed to top and started to decline. Pay attention to the EMA120 support at 3535, which is also the major Fibonacci support convergence point. MACD volume continues to decrease, bullish momentum weakens. DIF and DEA failed to break the 0-axis line and returned below it. If 3535 fails, bears will attack the previous low. Bollinger Bands middle support is at 3540, lower support at 3350. The strategy is primarily bearish, with a secondary bullish approach. Short-term reference: Safety first. Remember that market conditions are never 100% certain, so always use stop-loss. The goal is to minimize losses and maximize gains. Long entry point: 3430 to 3380, defend at 3340, stop-loss 50 points, target 3500 to 3550, break above 3600 to 3650. Short entry point: 3650 to 3700, defend at 3750, stop-loss 50 points, target 3600 to 3550, break below 3500 to 3450. Actual operations should be based on real-time market data. For more information, consult the author. The article may have a delay, so please use it as a reference at your own risk. This article is exclusively provided by the crypto scholar and represents their unique perspective. They have in-depth research on BTC, ETH, Doge, DOT, FIL, EOS, etc. Due to publication timing, the views and suggestions may not be real-time and are for reference only. Risk is self-assumed. Please credit the source if reprinting. Manage positions reasonably, avoid heavy or full positions. The scholar hopes investors understand that the market is always right. If you're wrong, reflect on your own issues and don't let potential profits slip away. There's no need to be smarter than the market. When a trend appears, follow it; when there's no trend, observe and stay calm. Wait for the trend to become clear before acting. Tomorrow's success comes from today's choices. Heaven rewards diligence, earth rewards kindness, humanity rewards integrity, business rewards trust, profession rewards excellence, and art rewards passion. Gains and losses happen unexpectedly. Develop the habit of strict stop-loss and take-profit. The crypto scholar wishes you a pleasant investment journey!