8.24 Ethereum (ETH) Market Analysis Reference

After reaching a new high for Ethereum during the day, the price did not continue to rise and has since pulled back, but the support below has not been broken, and the current price is around 4750.

In the short term, the 4-hour chart has shown a long lower shadow followed by a series of bullish candles rebounding, indicating strong support around 4700. On the daily chart, on August 22, a strong bullish candle broke through the previous high, forming a V-shaped reversal structure. On the 1-hour chart, a short-term oscillating platform is forming around 4750. MACD: The 4-hour DIF and DEA lines have crossed above the zero axis, and after a golden cross on the daily chart, they continue to diverge. EMA: The price is stable above EMA30 (4496), with EMA7 (4708) maintaining a bullish alignment with EMA30. Currently, in the short term, the trend remains a consolidation after a significant rise, and overall, as long as the pullback does not break below 4550, the outlook remains bullish. In the short term, the upper level focuses on 4800, followed by 4860, while the lower support is seen around 4650.

8.24 Ethereum Short-term Reference:

Attempt to short lightly at 4850-4800, stop loss 30 points, target below 4750.

Attempt to go long at 4680-4621, stop loss 30 points, target above 4720.

There may be delays in the article sending, and the strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident one is in market judgment, stop-loss and take-profit measures must be well-managed for safety. #ETH创历史新高 #杰克逊霍尔会议 #BTC #ETH🔥🔥🔥🔥🔥🔥