Evening Ethereum Thoughts on August 11

Ethereum provided insights in the morning as well. If it breaks 4336, we look towards 4400; if it doesn't break, there will certainly be a pullback. Although the price attempted to break through during the day, it did not stabilize after the breakout on the hourly level. Currently, the price is pulling back around the 4190 line, and there is a bearish divergence appearing across multiple timeframes. If the bears initiate, a sharp decline could occur.

From a short-term hourly perspective, although the price has been pulling back and decreasing, it has not effectively broken below the support. If it breaks below the 4160 support this evening, we could see a waterfall decline. Pay attention to the 4160 support this evening.

It's better to enjoy together than to enjoy alone. If you reach out, I can pull you to shore!!

SUI TURMP BONK PEPE OM SOL PNUT

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