August 22 Afternoon Ethereum Market Analysis

The middle band of the Bollinger Bands at the four-hour level has completed the conversion of resistance and support. The price was unable to hold at the 4300 position last night, but the pullback in the early morning was not significant, and it is currently running close to the resistance line of the flag structure.

If the resistance line can be broken during today’s trading, the bullish uptrend is likely to continue.

Trading suggestion: Buy around 4280-4245, targeting 4380-4430$ETH