#ETH突破4300

8.11 Morning Market Overview: ETH Short-Term Short Position Profited 76 Points

Yesterday, a short position was taken at 4239, and it reached the target low pin of 4163, exiting with a profit of 76 points at 4160.

ETH is in an ascending wedge channel, with 4333 having encountered resistance three times; the nearby liquidity selling pressure has been depleted. Waiting for a breakout above 4333 before following the trend to short again. If a U-shaped bottom neckline appears, defend at 4583, with targets at 4267 and 4239. At the same time, if it retraces to the lower trendline support at the resonance point of 4239, a long position can be taken with a defense at 4200, targeting 4300 and near 4333.

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