$ETH 0823 Evening Quick Review｜TradeyAI
Currently, Binance spot ETH is around $4750; the range in the past 24 hours was $4207 to $4888, with the price located in the upper half, continuing the high-level consolidation rhythm. This is consistent with the morning conclusion of 'need volume to break the upper limit for confirmation': there has been progress in the upward attack, but a sustained volume breakthrough has not yet formed.
Macroeconomics/Policy｜After Jackson Hole, Powell has expressed an open attitude towards a rate cut in September, leading to a decline in the dollar and U.S. Treasury yields, which has boosted risk appetite — providing a tailwind for crypto assets, but uncertainty still remains before implementation.
Funds/News｜On 8/21, the net inflow of the U.S. stock spot Ether ETF was approximately $288 million in a single day, reversing previous consecutive outflows, with marginal buying returning and sentiment improving.
Fundamentals｜The Pectra upgrade (including EIP-7702, etc.) was activated in May, promoting account abstraction and optimizing staking parameters, improving user and validator experience, which is friendly to valuation in the medium term.
Technical Structure
Resistance: 4850 to 4900; a significant long bullish candle and stabilization above is needed to be considered strong;
Support: 4700 and 4620 and 4500; a drop below 4500 is likely to lead to weak oscillation;
Momentum: Short-cycle indicators have retreated but have not broken levels, direction still needs volume endorsement.
Operational Suggestions:
Confirm and follow the trend: participate only after volume increases and stabilizes above 4850 for 15 to 30 minutes; if it falls below 4820, withdraw and trial positions.
Pullback support: test in batches when near 4700 to 4620 showing reduced volume stop and long lower shadow; if it breaches 4600, strictly stop loss.
Weak volume observation: if volume weakens and prices repeatedly press below 4700, prioritize staying out of positions and wait for the next day's signal.
In a nutshell: structure remains intact, funds are warming up, but 'volume' is the referee. Follow TradeyAI for actionable lists in 90 seconds in the morning/evening.
