8.23 Afternoon ETH Market Review
Today, ETH peaked and then fell back, adjusting after reaching 4888, stabilizing around 4704.
On the hourly level, the price is between the middle and lower bands, with a short-term bias towards consolidation. There is support near 4700, and the MACD green bars are shortening, indicating that bullish momentum is brewing.
For 4700 - 4720, the target is 4780 - 4820.
The support area for the second contract can be laid out, keep up with the rhythm to take profits!
