8.19 Ethereum Analysis

The current price of Ethereum is 4395, and it shows a typical characteristic of 'unclear trend'. The price is moving between key support and resistance, lacking a clear directional drive. The technical analysis shows that the support level at 4150 coincides with a previous low, providing strong support. However, the death cross signal of the moving average system and the extremely low trading volume create a contradiction, further weakening the confirmation of the bearish trend. At the same time, a recent bullish engulfing pattern suggests that there may be a rebound opportunity in the short term, but the accompanying trading volume remains key. Finally, it is recommended to go long at the key support of 4150, with a stop loss if the price falls below 4050; if the price fails to break through the resistance at 4450, go short with a stop loss at 4550.

Latest Price Reference

Long entry at 4200, add at 4150, stop loss 30 points, target 4350.

Short entry at 4400, add at 4450, stop loss 30 points, target 4300.

The publication of this article may have delays in review, and the market changes rapidly. The above suggestions are for reference only, and risks are to be borne by the reader. The most frightening thing in the market is not the lack of trends, not the lack of opportunities, but confusion and lack of direction. If there is no wind blowing from any direction, it is all headwind. In contract trading, both going long and short are possible, as long as the direction is right, both can make money! Don’t be afraid of missing opportunities; be afraid of not daring to act when the opportunity comes! #币安HODLer空投PLUME #加密市场回调 #Strategy增持比特币 #ETH质押退出动态观察 #BitDigital转型