Ethereum's early session peaked around 4480, during the session provided the opportunity to short in the 4450-4480 range, currently dropped to 4290, now 80 points.

8.18, Ethereum morning market technical analysis.

From a technical structure perspective, the price has plummeted after contesting in the mid-band area, breaking through the lower band, forming a weak downward state in the running channel. The bearish volume shows a solid arrangement, and the moving averages are consistently turning downward. The trend is clearly leaning towards bearishness, creating an extremely weak condition.

Ethereum personal operation suggestion: Short around 4480, target at 4260, with a swing target at 4100. #BitDigital转型 #美联储取消创新活动监管计划 #美国7月PPI年率高于预期 #中国投资者涌向印尼 #币安钱包TGE $ETH