Ethereum Market Analysis on August 20 Morning:

From the four-hour chart, after a brief attempt to rise above the midline, the price failed to stabilize and quickly fell back to the lower line, subsequently oscillating downwards around the lower line, indicating a clear overall downward trend. The four-hour level shows a bearish structure of engulfing candles; the MACD energy bars continue to close in the red, releasing bearish momentum; although the KDJ indicator is in an oversold state, after testing the lower area around 4060 in the morning, the price quickly faced resistance and rebounded, indicating a strong demand for rebound in the market.

The short-term hourly chart shows that after touching the low point, the price formed a long lower shadow doji candlestick, followed by a rebound; the KDJ indicator's three lines formed a golden cross and rapidly diverged upwards, while the MACD fast line slowly approached the slow line from below, both indicating that the current market is gradually brewing counterattack momentum.

However, from the perspective of larger trend levels, this rebound is merely a technical correction after a significant price drop, so the overall bearish outlook remains unchanged. It is expected that after the price rebounds, it will continue the downward trend, with operations primarily focused on shorting during rebounds.

Big Brother's trading advice: Short positions should be set up as Ethereum rebounds to around 4180—4230. $ETH #币圈