8.28 Day Afternoon Thought Analysis

From the current Ethereum 1-hour chart, after the price retraced to the previous A central support, it has now entered the B central range and is continuing to oscillate. The overall pattern is primarily one of consolidation. The forces of both bulls and bears are relatively balanced, and the direction is not yet clear. As the volatility gradually shrinks, the short-term moving average system is gradually converging and trending towards flattening, indicating that the market will continue to oscillate in the short term. A successful breakthrough of the upper pressure at the B central region around 4582 is needed for the short-term rebound space to open up.

It is recommended to go long when it falls to around 4500-4470, targeting 4580-4650; if it breaks through, continue to look upwards

(aggressive traders can go long around the current price of 4520)$ETH #ETH走势分析 #比特币巨鲸换仓以太坊 #ETH质押退出动态观察