August 23 Midnight ETH Market Analysis

Ethereum contract current price around 4830, strongly rising after breaking the previous high, with the structure still dominated by bulls. The quick rebound after a pullback to the 4700 range indicates ample buying support below. Coupled with the interest rate cut expectations brought by Powell's speech, market sentiment leans positive, and short-term bullish momentum is strong.

Operational Suggestions

Entry Range: Gradually buy on pullbacks in the 4750–4800 range;

Defense Position: Set below 4720;

Target Direction: The first phase above aims for 4900–4950, with the core target directly at 5000.

Strategy Logic

The current trend continues the structure of "breaking new highs → confirming pullbacks → continuing to rise," with short-term bulls dominating. The integer level of 5000 holds significant psychological importance; once broken, it may further open up space. The operation should focus on buying low, following the trend, maintaining strict defense, avoiding short positions, and concentrating on profit margins from long positions.

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