8.25 Monday Market Overview: ETH Soars to New Highs

The bull market in the second half of the year is destined to belong to ETH. Early this morning, ETH soared to a new high of 4957, just like BTC did at the end of last year with daily new highs. Now BTC is sluggish, and market share has shifted to ETH; regarding the current ETH market pullback, going long is advisable, and aiming for the high will never see a top.

ETH is oscillating within a range, with a left-side ambush to go long at a pullback to 4667, defending at 4609, with targets at 4775 and 4845; on the right side, waiting for a breakout at 4827 to confirm the bullish structure and then chasing long with one lot, defending at 4781, with targets at 4878 and 4908.

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