Li Shengting's Ethereum Evening Market Analysis and Trading Ideas on 8.21
Ethereum has also been in a fluctuating upward trend these days. From the daily technical indicators, both the KDJ and MACD indicators are in a downward trend today, while the BOLL indicator is in a resonant upward state. This indirectly suggests that the support at the bottom is relatively strong. However, the MA5-day moving average continues to press down, while the MA30-day moving average is in an upward position. At the same time, today's Ethereum price has also risen above the five-day moving average and has formed a small bearish candle. According to the current trend of daily technical indicators, it is very likely to first drop and then rise.
Looking at the 4-hour technical indicators, the KDJ indicator is currently crossing upward, while the BOLL and MACD indicators are still in a fluctuating upward position. However, the short-term MA5 and MA10-day moving averages are still in a fluctuating downward trend, while the MA30-day moving average is continuously strengthening. From the current perspective, the support at the bottom is very strong. Tonight, the price is likely to drop first and then rebound.
Ethereum: Buy in batches around 4200-4250 Stop Loss: 4137 Target: 4300-4360
Bitcoin: Buy in batches around 113000-112500 Stop Loss: 111500 Target: 114500-115000
The above is my personal evening market analysis for reference only. Specific points and directional changes are subject to real-time guidance.
$ETH
$BTC
