ETH Strategy on 8/19:
Currently, from the perspective of the market, the overall trend is downward, with the moving averages showing a bearish arrangement and a death cross forming a clear trend sell signal. However, the price has approached the strong support level of 4160, and a bullish engulfing pattern has emerged, which may indicate potential for a rebound in the short term. Subsequent operations can be to buy at lower levels.
Trading Suggestion:
Buy around 4260±10, set your own targets, and maintain strict defense.
For reference only, please refer to the specific market conditions!
