Breaking through 4380, the downtrend of ETH is coming to an end! Is the counterattack moment arriving?
On the Ethereum side, it is also as predicted in the previous analysis by Sheng Jie, starting to rebound after finding support in the 4100-4000 range. The more precise position is in the range mentioned before by Sheng Jie on the 12th, which is 4080-4060, and the actual trend is indeed like this!
This wave of rebound has a preliminary W-shaped structure and is facing pressure at the upper position. Let's see if it can directly break through the short-term resistance at the top, which is around the pressure near 4380. If it breaks through, the small-scale downtrend will end, and the counterattack will begin to sound its horn!
Stay tuned for updates and receive trend analysis in real-time!
ETH Analysis: August 21, 2025 Daily Chart
