Morning Silk Exposure of ETH on 15th August
Ethereum has tested the 4500 support level multiple times and is currently oscillating in a small range above it. The daily line has only retraced the gains from the previous day, with a retracement smaller than Bitcoin, and the upward momentum is still present; the 4-hour line has continuously closed with long lower shadows, indicating strong support below. If the day stabilizes, a conversion between bulls and bears may occur at any time, with the morning strategy focusing on low buys during the retracement.
Recommendation:
Buy in batches on the retracement of 4500-4530, targeting 4600-4700. If it breaks through, you can continue to hold with a lookout above, defending at 4450.
