Ethereum Market Analysis Reference on August 13th
Pay attention to the positions 4324 and 4255 during the early morning hours from 1 AM to 4 AM. If it retraces and holds above these levels, the main bullish view is for a consolidation and upward movement. Short-term bullish positions should focus on opportunities around 4310 and 4285.
If the market breaks below 4255 during the early morning hours, then look for support around 4180-4160; if it fails to stabilize, it may lead to a 4-hour level pullback.
Support Levels: 4290-4210-4160
Resistance Levels: 4480-4545-4610