Ethereum Analysis on 8.28

The 1-hour moving average continues to show a bullish alignment with a golden cross, indicating that the bulls still have upward momentum. After multiple retests of the 4465 level yesterday, Ethereum began to stabilize and rise, so continue to buy on dips. Although the rhythm has been slow over the past two days, the overall trend is still upward. We are now in a waiting phase for consolidation; if this consolidation is completed, Ethereum will make another strong move.

The oscillating rise of Ethereum does not change the strong bullish sentiment. Any pullback in Ethereum provides an opportunity for buyers. The rise does not signify a peak; today's key point is to maintain above 4373, which would indicate a bullish market. Can the bulls rise and break through 4600 strongly? We shall see.

Recommendation from Liang: Enter long positions around 4510, targeting near 4550, with a second target at 4620#币安Alpha上新 $ETH