8.27 Ethereum Early Morning Silk Road

Currently, Ethereum is still wavering in the descending channel on the 4-hour chart. Yesterday, it held up at EMA120 and then bounced back, but now it is stuck between EMA30, EMA15, and the middle Bollinger Band.

From the indicators, the strength of the bears is weakening; the MACD red bars are shortening, and the DIF and DEA are also converging. The RSI is around 54, showing no signs of overbought or oversold conditions. KDJ has a low-level golden cross, and the bulls still have a chance, but Lu Yao will not chase the high at this moment.

The middle band is also very important. If the bulls can't hold, this might be the high point, suitable for taking profits or lightly shorting. The intersection of the lower band and EMA120 is a support level; in the early morning, it is still recommended to focus on low buys.

Ethereum: Long in the range of 4450-4480, target 4600; if broken, then look at 4700, each should manage their own defense well. For friends who don't understand the trend direction, Lu Yao shares directional strategies daily, so pay attention! $BTC $ETH $BNB #加密市场回调 #特朗普罢免美联储理事库克 #比特币远古巨鲸持续出清 #ETH创历史新高 #美联储降息预期