8/23 Strategy:

The daily chart shows that on the 22nd, a long upper shadow was formed, with a price spike up to the 117400 level before retreating, indicating heavy selling pressure above. On the 23rd, a bearish candle was formed, continuing the adjustment trend. The recent volatility in the hourly chart has decreased, with the candlesticks showing a state of consolidation; multiple tests of support near 115750 have been effective, but the rebound strength is limited. Both DIF and DEA are diverging downwards, with short positions dominating in the short term; the daily MACD red bars are shortening, indicating weakening momentum.

Operation Suggestion:

116500-116000🈳, target 115000-114000, defend 116700

Secondary Item: 4750-4720🈳, target 4600-4500, defend 4780$ETH #ETH创历史新高