On August 14, the ETH market is at a critical window of choice for bulls and bears. The most important thing to pay attention to is the closing of the 4-hour line at noon — whether it can hold $4694 will directly determine the short-term trend.
Technical indicators are signaling risk.
On the 2-hour chart, the MACD indicator has shown a death cross signal, indicating that short-term downward pressure is accumulating. Considering the current wide oscillating pattern, the higher the price tests upwards, the greater the potential risk. Observing from the 1-hour and 45-minute cycles, a short strategy clearly aligns better with the current rhythm.
The levels of support are quite clear: $4706 is the first line of defense. If it fails, we need to look at the key support at $4694. Once this level is effectively broken, the next target will be $4638. The $4500 level, as a strong consensus area in the market, can be seen as a strong short-term support level.
Resistance levels are also traceable: $4796 and $4844 form two checkpoints on the way up. If we can break through the key point at $4868, then $5050 will become the next target for attack.
The game of capital dynamics.
The long-short ratio data shows a subtle balance: the long-short ratio of ETH is 0.91, with the fear index rising to 75, indicating that market sentiment is cautiously optimistic but nearing the overheating edge.
The tilt of real capital is more obvious: the long-short ratio has reached 71:29, with long positions holding a significant advantage; however, the overall long-short ratio remains at a balanced state of 50:50, which precisely indicates that the market is at a crossroads of directional choice.
Operational discipline is the bottom line for survival.
For ordinary investors, the principle that must be adhered to at this moment is: do not act lightly without a clear formation; do not open positions without setting stop losses. Before the oscillating pattern is broken, any blind chasing of highs and lows could become a victim of the bull-bear game.
Feel free to share your thoughts in the comments.
(The above content is for technical analysis interpretation only and does not constitute any investment advice. The market has risks, and trading should be cautious.)
