#ETH走势分析

August 19 Afternoon Auntie's Perspective

The morning's outlook has been confirmed, ETH continues to trend down, reaching a low of 4192, currently at 4229.

The current technical signals for Ethereum warrant a high degree of caution. On the weekly chart, a shooting star and a bearish engulfing pattern have appeared in succession, forming a clear bearish signal; the daily chart also shows a six consecutive downtrend, indicating a weak trend; the MACD indicator has formed a death cross at a high level, further confirming downward pressure.

From the market dynamics perspective, there are reports indicating that Vitalik Buterin and the Ethereum Foundation are engaging in selling at high levels, which undoubtedly adds more uncertainty to the market. At the current price above $4100, the cost-performance ratio is evidently insufficient, and the risk of bottom-fishing is extremely high.

It has been previously noted that the long-short pattern of Ethereum has reversed, increasing the risk of a significant drop. Investors who kept up with the rhythm have not only avoided potential deep corrections, but some short sellers have also made profits.

At present, the downtrend has been established, and operating against the trend is akin to taking a risk in fire, which could likely result in significant losses. It is advised that investors remain rational, evade risks in a timely manner, and avoid having an attitude of luck.