ETH Evening Trend: After breaking through the upper band, can the bullish momentum continue?

[Core Data Overview]

Current ETH price is 4293 USDT, with an intraday increase of 1.73%, net capital outflow of -8.0935 million USD (short-term selling pressure is limited), trading volume of 2.461 billion, and moderate volume expansion, maintaining a bullish trend.

[Multi-Period Bollinger Band Analysis]

1. 1-Hour Level (Short-Term Trend):

Bollinger Band Parameters (20,2,0), Middle Band 4265, Upper Band 4343, Lower Band 4186.

After rebounding from the intraday low of 4166, the price has strongly risen above the middle band at 4265, currently operating below the upper band. The Bollinger Bands are opening upwards, indicating a clear short-term bullish trend;

Resistance Level: 4343 (Upper Band, corresponding to the intraday high of 4349); Support Level: 4265 (Middle Band), 4186 (Lower Band).

2. 4-Hour Level (Medium-Term Trend):

Middle Band 4173 (Strong Support, core support level during the rebound from July 31 to August 5), Upper Band 4395, Lower Band 3951.

The price has continued to rise after rebounding from 4173, currently around 4290 above the middle band, maintaining the medium-term upward trend;

If it holds above 4173, the first target for the rebound is 4395 (upper band); if it breaks below 4173, caution is needed for a correction to the 4000 mark.

3. 1-Day Level (Long-Term Trend):

Middle Band 3794, Upper Band 4281, Lower Band 3307.

The price today broke through the upper band at 4281, and the Bollinger Bands are expanding, opening up long-term upward space;

Resistance Level: 4349 (Historical High); Support Level: 4281 (Upper Band, currently short-term support).

[Evening Trend Projection]

Script 1 (Bullish Continuation):

Retracing to 4265-4280 (1-hour middle band + daily breakthrough point) finds support, continuing to attack 4343-4349 (1-hour upper band + historical high), if broken, look towards 4400.

Script 2 (Short-Term Correction):

After being slightly corrected by 4349, testing 4265-4230 (1-hour middle band + previous platform), if it holds, it will attack again; if it breaks below 4230, caution is needed for a correction to 4186 (1-hour lower band).

[Trading Strategy]

Bullish: Enter lightly at 4265-4280, stop-loss at 4230, target 4343-4349;

Bearish: Enter lightly at 4343-4349, stop-loss at 4380, target 4280-4265;

Key Point: The cryptocurrency market is highly volatile, and strict stop-loss measures must be set to avoid holding positions.$ETH #ETH突破4300