August 23 Midday Analysis ETH

Technical Positive Signal Summary

- Indicator Synchronization: KDJ and MACD indicators are oscillating upwards, indicating short-term momentum is leaning towards bullish.

- Channels and Moving Averages: BOLL channel is opening upwards, the middle line is rising, MA three-day moving average is in a bullish arrangement, and the price is stabilizing above the five-day line, overall trend supports the continuation of bullish.

Operational Strategy

Based on the above signals, the strategy leans towards "trending long" and provides specific references:

- Pullback Support Level: Consider entering long positions near above 4710.

- Target Level: First look for a breakthrough at 4900, and then further up to 5200.

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