📅 8.14 Ethereum (ETH) Market Analysis: Will It Accelerate Upward or Retrace?

🔍 Key Analysis Points

ETH/BTC Determines Market Direction

Price Range: Resistance at 0.04 - 0.046, which may lead to a 20%-40% retracement. Adjustment Period: Expected to occur between the end of August and September, with opportunities to continue rising after the adjustment.

Impact of Bitcoin (BTC)

Although BTC reached an all-time high, the inflow of ETFs above $120,000 has significantly slowed, limiting upward potential. The performance of BTC will directly affect the trend of ETH, so overall market dynamics need to be monitored.

💡 Operational Recommendations

Short-term Traders: Monitor the breakout situation at 0.04 - 0.046; if it cannot effectively break through, consider taking partial profits or stopping losses. Medium to Long-term Investors: If an adjustment occurs, consider gradually building ETH long positions during the retracement, as a new high may be reached after the adjustment.

📈 Precautions

Technical Assessment: Closely monitor the price trend of ETH/BTC; breaking through key resistance levels can be seen as a strong signal for system positions. Market Sentiment: Maintain sensitivity to overall market dynamics, especially the performance of BTC, which will influence the trends of ETH and other altcoins.