The Ethereum long strategy provided in tonight's article around the 4740 level, reached a maximum price of about 4870 early this morning, successfully hitting our target point of 4850, and once again securing a significant profit. Congratulations to those who have been following. $ETH

Li Shengting: 8.24 Ethereum Evening Market Analysis and Trading Ideas

From the daily technical indicators of Ethereum, the KDJ technical indicator and MACD technical indicator show a golden cross upward resonance, with the BOLL technical indicator showing signs of an upward opening, and the MA three-day moving averages arranged upward with different amplitudes. Compared to yesterday, the upward strength of the MA10 moving average is relatively strong. However, Ethereum still has a technical gap with the five-day moving average, so in the short term, we still see a technically low bullish outlook.

From the 4-hour technical indicators, the KDJ technical indicator and MACD technical indicator show a golden cross upward posture, with the BOLL technical indicator continuing to open towards the upper band. The ultra-short-term MA three-day moving averages show a bullish pattern arranged upward. Overall, the trend is undoubtedly dominated by bulls, so the intraday trading idea suggests focusing on buying on dips.

Ethereum: Buy in batches near the range of 4740-4705 Stop Loss: 4627 Target: 4850-4880

Bitcoin: Buy in batches near the range of 114500-113700 Stop Loss: 112000 Target: 116000-117500

The above is my personal evening market analysis, with specific points and direction changes to be based on real-time guidance $ETH

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