8.29 Afternoon ETH Trading Perspective:

On the 4-hour level, the market has confirmed support at the lower edge of the ascending wedge and triggered a rebound. Currently, market attention is quite high. If the lower support holds, the market is likely to challenge previous highs from the weekend to early next week, continuing the upward structure. However, if the price breaks below the critical level of 4300, it will damage the existing bullish pattern, and the market will likely shift into a wide-ranging oscillation.

Intraday suggested trading direction: Short positions in the range of 4470-4500, with the first targets at 4400 and 4310. $ETH