#BNB创新高

8.22 Morning Market Overview: $ETH : Should ETH break out and go long or short on a dip?

ETH is trending downwards in a bullish small wedge channel. If it breaks through the upper resistance, it will continue to rise. Otherwise, if it hits resistance and falls back, the MACD golden cross will form, and a real-body breakout is highly likely.

Wait for a breakout above the upper resistance of 4290 on the right side. Once it stabilizes, chase the long position, defending at 4250 and targeting the upper resistance of the large wedge channel at 4368. Meanwhile, aim for a high position at 4383, defending at 4428, with targets at 4311 and 4270. Ambush for a low position on a pullback to the lower trend line near 4180, defending at 4162, with targets at 4250 and 4300.

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