8.18 Evening ETH Analysis

From the current market perspective, the four-hour level shows a six consecutive bearish trend, with the market continuing to decline, and the downward space has completely opened up. Bearish momentum continues to be released, and the bulls have failed to organize an effective rebound, resulting in a unidirectional downward pattern that has formed, with the overall trend completely dominated by the bears.

At the one-hour level, after a round of decline, the market rebounded and fluctuated near the upper Bollinger Band. During this time, the bulls attempted to rebound, but the strength was weak, and the overall structure still shows weakness. The MACD histogram is gradually elongating below the zero axis, with downward momentum continuing to spread; however, the KDJ indicator's three lines formed a golden cross upwards in the short term, indicating a certain expectation of a technical rebound in the future. Therefore, it is suggested to focus on the main idea of "short positions after a rebound" in operations.

Big Brother's operational suggestion: Ethereum can lay out short positions around 4340. This idea is not a prophecy, and strict risk control is required during operations. #币圈 $ETH