ETH Strategy on August 11:
The technical analysis for ETH indicates that the market is in an upward trend, with a bullish alignment of moving averages and a bullish engulfing pattern resonating together, supporting a short-term price increase. However, the extreme decrease in trading volume and the RSI overbought signal have created a significant divergence between volume and price, suggesting that the current rise lacks healthy support, and market sentiment is approaching overheated territory, increasing the likelihood of a pullback.
Operational Advice: 4330-4300🈳, Target 4200-4100, Defense 4350
For reference only, please refer to the stone plate for specifics!
