August 23 Evening ETH Market Analysis

The current daily trend of Ethereum remains bullish, but in the short term, it encounters resistance in the 4850–4900 pressure zone, with multiple attempts to break through failing, indicating a certain demand for a pullback. Looking at the four-hour candlestick chart, the support below is focused on the 4700–4730 range. If it can stabilize, it is expected to show a 'pullback-rebound' trend, once again challenging 4900 or even 5000. However, if this range is broken, the bearish pressure will be further released, potentially falling back to the 4620–4650 range.

Operational Suggestions:

Pullback Setup: Gradually buy in the 4700–4730 range, with a stop loss below 4620, targeting first 4900, then 5000.

Bearish Range: If it effectively breaks below 4700 and loses 4620, the short-term outlook will weaken, and one may follow up with short positions, targeting towards 4550–4580.

Do not blindly chase after short-term gains; maintain patience and wait for range signals.

Summary: Ethereum is currently in a pressure pullback phase, with the overall trend still leaning bullish, but if it breaks below key support, it will enter a bearish dominance. Core Idea: Stabilize and go long at 4700–4730; consider turning bearish if it loses 4620. Friends who do not understand the trend direction, the teacher shares directional strategies every day, so pay more attention! #ETH #ETH走势分析 #BTC #ETH创历史新高 #杰克逊霍尔会议