【🔥ETH August 22 Market Analysis: Key Levels and Trading Strategies】
📊Current Market Situation: ETH is currently around $4300, up 0.39% in the last 24 hours. Both bulls and bears are locked in a stalemate, and the market is at a critical decision point!
⚡Technical Analysis: ✅Key Support: Strong Support: 4050-4100 (if broken, look towards the psychological level of 4000) Intraday Support: 4200-4240 (breaking below will accelerate the decline) ✅Key Resistance: Strong Resistance: 4300-4350 (only breaking through will open up upward space) Upper Targets: 4380-4400 / 4450-4480
📈Technical Indicators: •MACD: Initial signs of a golden cross on the 4-hour level, but momentum needs to be monitored •RSI: Hovering in the neutral zone around 50, with balanced bullish and bearish forces •Trading Volume: Recent volume has significantly decreased, needs to increase above 80,000 to confirm a breakout
🎯Trading Strategies: 🔹Short-term Bullish: Entry: 4260-4290 range Stop Loss: below 4220 Target: 4380-4400 (Alternative: stabilize at 4150 + 15-minute bullish candle, enter with a light position)
🔹Short-term Bearish: Entry: 4300-4350 resistance area Stop Loss: above 4400 Target: 4200-4150 (Alternative: short signal for stagnation at 4300-4310)
🔸Mid-term Layout: •Break above 4350 and stabilize → chase long, target 4450-4480+ •Break below 4050-4100 → look towards the 4000 level
⚠️Risk Warning: 1️⃣ Hawkish Fed minutes suppress rate cut expectations, concerns about tightening liquidity are rising 2️⃣ Whale addresses are selling + net outflow of ETH ETF funds, institutional sentiment is cautious 3️⃣ High amount of liquidations across the network, market volatility is severe 4️⃣ Strictly control positions (individual risk <5%), must set stop-loss!
💡Summary: Today's focus is on the battle for the 4300-4350 resistance area! •Short-term: Buy low at support / Sell high at resistance, quick in and out •Mid-term: Wait for key level breakouts before positioning, avoid entering in between
(For reference only, the market changes rapidly, please manage your risk!)
