Evening ETH Strategy Analysis on August 19

The current market shows that the overall trend is still downward. The bearish arrangement of moving averages and the death cross have formed a clear trend-based sell signal, indicating a significant downward bias.

However, the price has gradually approached the strong support level of 4160, and a bullish engulfing pattern has emerged, providing potential for a short-term rebound. For future operations, one can look for opportunities to build long positions at lower levels, but it must be clear: the downward trend has not been reversed, and risk must be strictly controlled.

Operation Suggestions:

​Short at 4292-4300, with a stop loss at 4320, and a target of 4200 ​​​$ETH