8.11 Ether Analysis:
The current market of $ETH has clear upward driving forces. From a technical perspective, the weekly MACD indicator shows that the upward momentum continues to accelerate, and the monthly chart has formed a long lower shadow bullish candle, signaling a strong bullish outlook. Combined with expectations of liquidity easing due to the Fed's interest rate cuts in September, the probability of breaking through the 5000 level in the medium term is relatively high.
In terms of strategy, it is recommended to seize short-term pullback opportunities, laying out long positions in the 4230-4260 range, with the first target set at 4500. Medium-term holders can wait for wave gains above 5000. The current market clearly favors bulls, and it's crucial to pay attention to the capital allocation rhythm before the interest rate cuts are implemented.
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