August 27 ETH Market Analysis:

From the 4-hour level, the Bollinger Bands are synchronously moving downward. During the downtrend phase, the trading volume expands, and it shrinks during rebounds, which indicates insufficient buying support. Under the strong inertia of the downward resonance of the three bands, the price is accelerating downward below the middle band of the Bollinger Bands and is currently running close to the lower band. If the lower band support is completely broken, the Bollinger Bands opening may fully widen, potentially initiating a new round of deep decline, with the bearish trend already displaying a "unstoppable momentum". It is recommended to set stop-losses and act decisively!

Big Brother Silk Road suggests: Consider positioning short orders around 4580. #币圈 $ETH