By conducting an in-depth analysis of the weekly and daily trends of Ethereum (ETH), we can gain insight into some key market information.

From the weekly perspective, ETH closed with a strong bullish candle on August 11 after a rapid rise, successfully breaking through and stabilizing above the weekly resistance level, which is a positive signal.

On the daily chart, although a bearish signal has appeared accompanied by a certain degree of decline, it is worth noting that the two consecutive bearish candles display characteristics of long lower shadows and have not significantly broken the previous low. This indicates that there is strong support below.

Trend line analysis shows that although a bearish candle was formed in the week of August 4, the price did not break below the key trend line. At the same time, the volume of short positions has significantly decreased, further confirming the strength of the support from the trend line below $3300.

In terms of the comparison between long and short forces, ETH rose from $1385 to $4788, during which bullish funds continued to flow in, and trading volume kept expanding, repeatedly setting new highs. In the recent pullback, although bears attempted to counterattack, the price decline was limited, suggesting that bearish strength is weakening.

On the surface, ETH currently seems to lack momentum. However, by carefully analyzing candlestick patterns, changes in trading volume, and the overall market structure, we can gain insight into the true intentions of the market. This also reminds us that we should not judge market trends based solely on subjective feelings or speculation, which is a common mistake made by many new investors.

This is precisely where the importance of learning technical analysis lies. Among the many technical analysis tools, naked candlestick analysis is particularly suitable for beginners: it is simple and intuitive, requiring no complex indicators or the drawing of numerous parameter lines. By mastering naked candlestick analysis, investors can understand market trends more objectively and make wiser investment decisions.