$ETH August 18 11:00 Market Overview
🎙️Good morning friends, this is Sister Hui's trend update, it is now August 18 at 11:00, let's take a look at the latest trends for ETH.
ETH is currently priced at $4323, which can be said to be a significant drop compared to yesterday, but the overall high structure is still intact and has not been broken. The price is still fluctuating in the range of $4350-$4569, with effective support from moving averages, the Bollinger Bands are gradually narrowing, waiting for a directional breakout, and the MACD has not turned bearish, the trend is still bullish.
In terms of market sentiment, although there is some adjustment, capital has not withdrawn, and the overall signal is still optimistic. Simply put, this pullback looks more like an opportunity to get in.
In the short term, if it can stabilize at $4400 and rebound with volume, there is still space to push up to $4500-$4550; while those who are more patient can wait for the price to pull back to the $4370-$4400 range to position themselves, targeting $4600; the mid-term strategy is also very clear, $4350-$4400 are good points for building positions in batches, holding $4300, and the larger direction still looks likely to challenge $5000.
Don't be frightened by the current fluctuations, the overall trend is still led by bulls. ETH reaching ten thousand is not just a slogan, it's a trend and rhythm, following along is the true winner.
