【8/20 ETH Trend Analysis and Strategy Reference】
📌 Current Status: ETH is oscillating in a key range, with intense competition between bulls and bears. There is clear pressure from above, and funds are being absorbed from below, presenting an overall bearish oscillation pattern, but caution is needed for potential rebounds at critical levels.
🔥 Key Levels: Resistance: 4160/ 4200 / 4230-4300 Support: 4100/ 4050-4080 / 3900-4000
🎯 Trading Strategy: ▪️ Mainly Short: If the price rebounds to the 4160-4200 range, gradually open short positions, with a stop loss above 4330 and a target around 4070-4010. ▪️ Supportive Long: If the price retraces to the 4050-4100 support area, consider taking a light long position, with a stop loss below 3950 and a target around 4150-4200.
⚠️ Attention: 1️⃣ Today's ETF outflow is $197 million, combined with $3.9 billion worth of ETH waiting to be unlocked, creating significant short-term selling pressure. 2️⃣ A major account has placed a $16.35 million long position near 4229; if the price rebounds, it may trigger a short squeeze. 3️⃣ Strictly control position size and always set stop losses! Current volatility is high, and the risk-reward ratio is low.
💡 Suggestions: Aggressive traders may trade within the range, entering and exiting quickly; conservative traders should remain on the sidelines, waiting for a clear direction (break above 4300 or drop below 4000) before entering.
(For reference only, not as investment advice!)
