August 25 Ethereum (ETH) Contract Technical Analysis: Today, on the larger timeframe, the daily level closed with a small bullish candle yesterday, the candlestick pattern showing one bearish and one bullish candle. The price is above the moving averages, and the indicators are showing a golden cross. However, the fast and slow lines are converging and flattening out. Last week's rebound was stimulated by news, not a normal market pattern, so there is still no visible space for further increases, even if it breaks above historical highs. In the short term, on the hourly chart, the price started to face pressure and declined early in the morning. The current candlestick pattern shows consecutive bearish candles, and the price is below the moving averages but deviated from them. The indicators are showing a death cross. We need to observe the continuation in the European session and pay attention to breakout situations, so we cannot directly chase a short position but must wait for a rebound correction before entering. Therefore, today's short-term ETH contract trading strategy is: sell on a pullback to the 4680 area, with a stop loss at the 4715 area and a target at the 4605 area; #ETH走势分析 $ETH
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.