8.15 Ethereum (ETH) Market Analysis Reference

The Ethereum trend has broken through and is once again extending to new highs, just one step away from the historical peak. Subsequently, the trend faced resistance near 4788 and corrected again, with significant strength breaking the 4600-4500 support. Fortunately, it has not fallen below the 4400 line. Currently, the price is running around the 4560 line, and the market has not further deepened the correction. If the price stabilizes at the 2600 level, the market will return to an upward trend.

On the 4-hour level, a double top structure has formed near 4565, with the previous high of 4788 constituting strong resistance, while the low of 4453 provides short-term support. On the daily level, a long bearish candle has appeared at high levels, accompanied by an increased volume drop, confirming a short-term top signal. MACD: The 4-hour level DIF has crossed below DEA forming a death cross (118→145), while the daily level shows a shrinking red bar but still at a high level (318→251), indicating a decrease in bullish momentum. EMA: The price has fallen below the 4-hour EMA7 (4626), while the daily EMA7 (4383) and EMA30 (3813) golden cross has not been broken, indicating that the medium to long-term trend remains strong. Therefore, it is suggested to mainly focus on long positions on corrections, with support at the 4400 line and resistance at 4680.

8.15 Ethereum Short-term Reference:

Try shorting lightly at 4680-4750, with a stop loss of 30 points, aiming for below 4620.

Try going long at 4400-4451, with a stop loss of 30 points, aiming for above 44500.

Article transmission may be delayed, and strategy recommendations are for reference only. The market changes rapidly, and regardless of how confident one is in market judgment, it is essential to set take profit and stop loss levels to secure gains. #美国7月PPI年率高于预期 #BNB创新高 #BTC再创新高 #以太坊创历史新高倒计时 #ETH突破4600