【ETH 8/24 Market Analysis and Thought Reference】
Currently, ETH is oscillating around 4767, and the overall technical outlook remains bullish, but high volatility risks must be noted. The following is a summary of key thoughts for reference only and does not constitute investment advice!
🔍 Key Levels:
▫️ Support: 4746 (recent dense area), 4600, 4450 (breakout confirmation level)
▫️ Resistance: 4850-4872 (previous high area), 5000 (psychological barrier)
💡 Trading Ideas:
▫️ If it pulls back to 4746 or lower support (such as 4600/4450) and stabilizes, consider a light position to go long, targeting 4850-5000
▫️ If it rises to the 4850-4872 resistance area and shows signs of stagnation, cautiously consider a short position
▫️ Be sure to set stop losses and strictly adhere to risk control!
⚠️ Note:
▫️ In the short term, it may oscillate in the 4700-4750 range
▫️ If it loses the 4450 support, the risk of a pullback may increase
▫️ Institutional movements and macro events (such as the September Federal Reserve meeting) may trigger volatility
Reminder: Cryptocurrency is highly volatile, please make rational judgments, trade lightly, and manage risks well!
