August 21st Thursday Ethereum Evening Operation Strategy

From the Ethereum 4-hour chart, it is at the tail end of an upward surge in volume. This kind of volume increase at the tail end of a wave pattern usually indicates poor sustainability, often leading to a choppy price action where the market retraces step by step. A pullback occurred yesterday, followed by a quick surge this morning, and then a significant bearish candle on the hourly chart for a corrective pullback, starting from the local high at the 4400 level. Due to the large fluctuation base, the size of the adjustment space is uncertain. For short-term operations this evening, if the support level can hold, one can go long at lower levels; if the support breaks, the strategy needs to be adjusted.

Ethereum Operation Suggestion: Go long around 4230-4190, targeting the 4355-4400 area. $ETH