Ethereum Price Prediction: Bearish Trend Continues

Zhang Lihui's Ethereum price analysis on August 3, 2026, suggests a bearish trend for the short term. The 4-hour Bollinger Bands channel is in a downward trend, and yesterday's price rebound to the middle band was met with resistance at multiple moving averages.

The MACD below the 0 axis indicates declining volume with fast and slow lines converging for the second time, and a golden cross has yet to form. This implies a continued possibility of bearish divergence.

Lihui believes that the short-term price is likely to continue its pullback phase, with attention on whether the intersection of MA450 and MA220 below can provide effective secondary support.