Li Shengting's Ethereum Evening Market Analysis and Trading Ideas on August 14
The recent one-sided upward trend of Ethereum is indeed very strong. From the daily technical indicators, the KDJ, MACD, and BOLL indicators continue to show a bullish resonance. However, compared to yesterday, the BOLL indicator has shown some technical breakdown. Although the three-day moving averages are arranged in a bullish pattern, the upward momentum of the MA5 moving average has significantly weakened compared to yesterday. Currently, both Ethereum and Bitcoin have firmly established themselves at the green TD9 level. Today's coin price has also created a certain technical gap with the MA5 moving average. Therefore, I personally believe that this round of increase will basically end around the 4800 level and will enter a technical adjustment phase.
From the 4-hour technical indicators, the current KDJ, MACD, and BOLL indicators show signs of diminishing bullish momentum. Meanwhile, the short-term MA5 moving average shows a significant weakening of the upward trend. The breakdown generated by the short-term RSI indicator is quite large. Therefore, I personally suggest gradually building short positions near the high point.
Ethereum: Gradually short around the 4700-4750 level. Stop loss: 4823. Target: 4600-4520.
Bitcoin: Gradually short around the 121000-121800 level. Stop loss: 119000-117500.
The above is my personal evening market analysis. Specific points and directional changes are subject to real-time guidance $ETH