$ETH 8.20 Wednesday Afternoon Analysis

On the hourly level, the moving averages form a strong resistance zone. In the MACD indicator, the current red bars show limited expansion, resembling a weak rebound during a downtrend. The key support line is around 4060; if this level is lost, the decline may accelerate.

Personal advice, for reference only (set strict defenses)

Target range for 4200-4230, aim for 4100, 4030