Latest Market Analysis and Strategy for Ethereum (ETH) as of 8.27
Ethereum Analysis
The current price of Ethereum is 4515. It has been observed that Ethereum is in a range-bound state, fluctuating between support at 4400 and resistance at 4570. From a technical perspective, although a bullish engulfing pattern has appeared and the price is above the moving averages, forming a short-term bullish resonance, the trading volume has shrunk significantly, reflecting a lack of healthy support for the rebound and posing a risk of a correction. Additionally, the divergence between volume and price further weakens the reliability of bullish momentum. The daily level shows a short-term rebound, with continuous bullish K-line formations in the 2-hour cycle. The latest K-line broke the previous high of 4579 but failed to hold effectively, showing a pattern of rising and then falling back. The 2-hour MACD momentum has started to strengthen, with the EMA long-term trend being bullish, short-term bearish, but long-term still bullish, so it is recommended to strictly implement take-profit and stop-loss risk control when entering the market.
Latest Level Reference
Long Entry Point: 4450, Add Position: 4400, Stop Loss: 30 points, Target: 4550
Short Entry Point: 4600, Add Position: 4650, Stop Loss: 30 points, Target: 4500
There may be delays in sending the article. The strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident you are in market judgment, always ensure to implement take-profit and stop-loss measures to secure your gains!
