$ETH 🎙️【ETH0823 Evening Quick Review｜TradeyAI】
Currently, the spot ETH on Binance is about $4750; the range in the past 24 hours has been $4207 to $4888, with the price positioned in the upper half, continuing the high-level consolidation rhythm. Consistent with the morning conclusion of "need volume to surpass the upper limit for confirmation": progress is being made in the upward attack, but a sustained volume breakthrough has not yet formed.

Macro/Policy｜After Jackson Hole, Powell has shown an open attitude towards a rate cut in September, the dollar and US bond yields have retreated, and risk appetite has risen—providing a tailwind for crypto assets, but uncertainties still exist before implementation.

Funds/News｜The US stock spot Ether ETF saw a net inflow of about $288 million on 8/21, reversing the previous days of outflows, with marginal buying returning and sentiment recovering.

Fundamentals｜Pectra upgrade (including EIP-7702, etc.) was activated in May, advancing account abstraction and optimizing staking parameters, improving user and validator experience, and being friendly to valuation in the medium term.

Technical Structure

Resistance: 4850 to 4900; only a strong long candle with stable holding above counts as a strengthening;

Support: 4700, 4620, and 4500; falling below 4500 easily turns weak and oscillating;

Momentum: Short-term indicators have pulled back but have not broken down, direction still needs volume endorsement.

Operational Suggestions:

Confirm and follow the trend: only participate after volume increases and stabilizes above 4850 for 15 to 30 minutes; if it falls heavily below 4820, withdraw trial positions.

Retracement support: Test in batches if a decrease in volume appears around 4700 to 4620 with a long lower shadow stopping the decline; strictly stop loss if it falls below 4600.

Weak volume wait-and-see: If volume weakens and the price repeatedly presses below 4700, prefer to stay in cash and wait for next day's signals.

In summary: Structure has not broken, funds are warming up, but "volume" is the referee. Follow TradeyAI for executable lists in 90 seconds in the morning/evening.