8.21 Ethereum Order Update at Midnight

I have been paying attention to Ethereum's price increase throughout the evening. Everyone says Ethereum is unplayable today, the price fluctuations are too extreme, and some even say it’s a bit of a bad luck period. After calculating over the past two days, it’s advised to avoid Ethereum altogether. My friend, I can only say, that’s too shallow❗

From the 4-hour MACD, we can see that the bulls are taking over the battlefield. The trading volume compared to the previous candlestick can only be described as somewhat exhausted. It seems that the institutions that sold off during the previous wave are tentatively trying to buy some to see if anyone else will follow suit. This is what we commonly refer to as buying power, and there are some who have already exited and are now hesitant to re-enter. We are waiting for the strong JOCT after the pin bar to get back in. If we find that prices have increased but the volume is insufficient, then we need to plan for a peak exit. Currently, we can consider 4060 as a tentative bottom, and a slope trend of XA has emerged. We are still looking for a rebound at point B, and since this line has an excessively long shadow without a solid body, I choose to continue waiting and will not chase at market price.

It is recommended to short at 4370~4390 and add near 4460.

Expected target around 4160 $ETH