ETH Strategy for 8/16:
ETH price fluctuates in the range of 4400-4550. The technical analysis shows that despite the recent appearance of a bullish engulfing pattern, indicating potential upward reversal, the extremely low trading volume, entangled moving averages, and sideways trend characteristics weaken the validity of this signal. Meanwhile, the price is close to the VWAP and the middle band of the Bollinger Bands, further confirming the balanced state of market sentiment.
ETH Trading Suggestion: Buy around 4420±10, target is at your discretion, strict defense advised. For reference only, subject to actual market conditions!
