Ethereum Market Analysis Reference for August 14th
Pay attention to the levels 4636 and 4423 during the 1-4 AM period. If these levels hold without breaking during a pullback, the main bullish view is a steady upward fluctuation. For short-term longs, watch for opportunities around 4595-4590 and 4548-4558; only enter if pullbacks do not break these levels.
If the market breaks below 4636 in the early hours, then watch for support around 4590 and 4550. If it does not stabilize, we may enter a minor pullback phase, and breaking support could lead to a resonating bearish trend.
Support levels: 4505-4515, 4420-4430, 4365-4375
Resistance levels: 4698-4708, 4775-4785, 4930-4940