8.20 Early Morning Ethereum Silk Road
Ethereum is influenced by Bitcoin, failing to stabilize at 4300 and dropping below 4200, dipping to 4133 before rebounding to around 4175, currently in a tug-of-war between bulls and bears.
The hourly chart shows the Bollinger Bands opening, with weak short-term upward movement. If it struggles to rebound and stabilize at 4330, focus on the support at 4080: if it holds, bulls may counterattack; if it breaks, further adjustments are expected.
Possible range around 4030-4080, target 4150, 4300
