8.18 Ethereum Silk Road

From a technical indicator perspective, the market is in a tug-of-war adjustment state above the zero line, and the bullish candlestick charts mostly present in solid forms, indicating that bulls still hold an advantage, and the upward momentum continues to exist.

It is noteworthy that the fast and slow lines have formed a closed death cross below the zero line. This signal indirectly reflects that the current accumulation process is quite deep, laying the foundation for a strong surge in market momentum in the future, and the expectation for a short-term breakthrough has increased.

Ethereum: Long in the range of 4300-4330, target 4500; if broken, look at 4700, each should strictly maintain their defense. $BTC $ETH $XRP