Ethereum Morning Analysis on August 28

From a technical perspective, the golden cross of the moving averages at the 1-hour level continues, maintaining a bullish arrangement and showing a divergent state. The bulls still possess upward momentum. Yesterday, after several rebounds from the 4465 level, the price stabilized and rose, confirming the effectiveness of the support.

Although the market's pace has been relatively slow in the past two days, the overall upward trend remains unchanged. We are currently in a consolidation phase—if the consolidation is completed, Ethereum is expected to make another upward push. In terms of operations, it is still recommended to buy on dips, relying on the support area to enter the market.

Operational Reference: It is suggested to buy in the range of 4430-4480, with a target of 4550-4620. $ETH