Ethereum Market Analysis Reference for August 12th in the Early Morning
Pay attention to the positions 4264 and 4190 between 1 AM and 4 AM; if the price retraces and holds above these levels, the main bullish outlook sees a consolidation move upwards. For short-term buys, look for opportunities around 4220-4225, with ideal profit targets at 4260-4270 above.
If the support at 4220 is broken during the early morning, watch the situation around 4190; if it fails to stabilize, it may lead to a 4-hour level correction.
Support Levels: 4100-4010-3970
Resistance Levels: 4395-4480-4525 $ETH