Ethereum Market Analysis on the Evening of August 21

Ethereum has confirmed support after a pullback and is stabilizing again, overall maintaining an upward channel. The four-hour moving averages are in a bullish arrangement, the MACD momentum bars continue to expand, and the RSI is operating in a relatively strong range, indicating healthy bullish momentum.

Trading Suggestions:

Focus on the support level in the range of 4270–4290, with a stable pullback allowing for gradual buying, while protecting at 4230.

The target level to look at first is 4400–4450, and if there is a volume breakout of the resistance range, there is a chance to challenge 4500–4550.

Strategy Thoughts: Primarily focus on low buying in line with the trend, gradually positioning based on moving average support, paying attention to position control and strictly maintaining stop-loss to avoid blindly chasing highs.

👉 Summary: The bulls have a clear advantage, technical signals are relatively strong, and the probability of continued upward movement in the short term is high.

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