8.28eth Analysis

From the four-hour chart, ETH shows a clear trajectory: it first rose from the lower boundary to the middle boundary, but encountered resistance at this point, subsequently entering a corrective phase where the overall momentum to break through the middle boundary seems insufficient.

Currently, the market is in a wave-type pullback process, with the middle boundary presenting clear resistance, which has been analyzed previously.

It is expected that the market around midnight will likely continue this trend: as long as the middle boundary is not effectively broken, the main tone of the decline will not change. At the same time, the signs of the upper boundary narrowing downward are very clear, with the highs continuing to decline, indicating that the bullish power has been released. It is recommended to primarily focus on short positions in trading.

Big Brother's strategy suggestion: Set up short positions near 4660. #币圈 $ETH