Xuxu Baby says that on the evening of August 20, Ethereum market analysis

Ethereum experienced a dip during the day, quickly rebounding after hitting around 4060, and oscillating upwards to the 4240 range, showing stronger performance compared to Bitcoin. On the daily chart, the price closed positively and stabilized at the previous top range, maintaining a healthy short-term pattern. Although bears attempted to push lower at one point, they failed to break the support, allowing bulls to accumulate further upward momentum.

Four-hour chart analysis:

If the price can maintain consolidation within the 4220-4180 range, bulls are expected to continue gaining strength. The support level is effectively holding, indicating strong market confidence for bulls in the short term.

Operation suggestions:

Buy low: Focus on pullback opportunities in the 4180-4220 range, enter the market appropriately, with a target of 4300-4320;

Bullish breakout: If the price breaks above 4320, the target can be raised to 4440-4515, continuing to be bullish.

Summary:

Ethereum is stronger compared to Bitcoin, and short-term pullbacks present good layout opportunities. The operation should focus on buying low, paying attention to support levels and breakout signals, and flexibly adjusting targets. Friends who don't understand the trend direction can follow the direction strategies shared by the teacher every day! #ETH #ETH走势分析 #ETH🔥🔥🔥🔥🔥🔥 #加密市场回调