Ethereum (ETH) has recently shown a clear trend of volatile decline, experiencing significant falls in just one day. Currently, ETH has reached the upper edge of the trend channel in the 3400-3500 range, and a technical rebound is expected at this position.

Looking ahead to August, ETH is likely to remain in a phase of oscillating adjustment. The market will exhibit typical characteristics of range volatility: after a significant price fall, there may be a rebound that triggers short covering; conversely, after a notable rebound, the price might drop again, leading to long liquidations. This pattern of back-and-forth oscillation may repeat itself.

In this market environment, investors may consider adopting the following strategies: moderately buying when prices fall significantly, and selectively selling when prices rise notably. This approach helps to achieve short-term gains in a volatile market.

However, it is worth noting that this kind of oscillating adjustment is likely preparing for a larger scale market movement. Therefore, investors should remain patient and wait for the end of this adjustment phase before considering establishing a medium-term long position to seize the potential upward opportunities.

Overall, in the current volatile market of ETH, it will be a wise investment strategy to flexibly respond to short-term fluctuations while preparing for potential mid-term trends.