Let's talk about the situation of Ether on the evening of August 20.

From the 4-hour chart, the Bollinger Bands are narrowing, indicating that we are currently in a phase of consolidation. The recently closed bullish candle looks a bit weak, and the MACD momentum is also decreasing, with the RSI indicator approaching the oversold zone.

In terms of operations, for those who are more aggressive, considering a short position at the current price of 4190 USD could be an option. For a more cautious approach, it is recommended to set up a short position in the range of 4210-4240 USD, with the initial target at 4145 USD, and then we can look towards around 4080 USD.

Strategies have a time sensitivity, so real trading needs to be flexible, and don't forget to set a stop loss at #ETH .