Evening ETH Market Analysis on August 22

Technical Analysis

4-Hour: Price is running below the moving average, MA20 is pressing down MA60, trend is weak.

1-Hour: Multiple attempts to break through 4330–4350 have failed, BOLL midline is pressing, RSI remains in the weak zone.

Key Price Ranges

Resistance: 4330–4360, strong pressure at 4380.

Support/Targets: 4250–4220, if broken look for 4180–4150.

Operational Suggestions

Consider shorting in batches if there is a rebound to the 4330–4360 range;

Stop Loss: Above 4380;

Take Profit: Initially look at 4250–4220, if broken, can extend to 4180–4150.

Summary

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