Ethereum Eth August 29 (Daily Level) In-depth Analysis:
Ethereum rebounded this morning, but unfortunately failed to successfully stabilize at the key position of $2557. Its rebound high was only $2554.19, just one step away from my preset long order stop profit of $2555. After failing to stabilize effectively, the market experienced a slight correction. At present, the market is fluctuating in the key range of 1-4 hours according to my early morning strategy, and it seems to be ready to choose a new direction.
So, how should today's daily level market be interpreted?
At present, the daily chart still shows that the short side is strong. To regain the bull advantage, it must first stabilize at the key position of $2625. If the price can rebound above $2650 and close successfully, it is expected to continue to attack. Otherwise, the market may face a correction or continued sideways fluctuations.
Warm reminder: (On August 28, I found a blogger named EliAuk Yang on the square, who blatantly plagiarized my Ethereum strategy work on the 28th, and did not even make any changes to the content and values. What is outrageous is that after being questioned, the blogger also blocked the comments, which is really jaw-dropping. Please be vigilant to prevent being deceived!)
The following are specific daily level analysis details:
Support level (value ± 5 US dollars for reference): US $2460, US $2295, US $2130
Pressure level (value ± 5 US dollars for reference): US $2650, US $2789, US $2860
Here to remind investors that the current market is volatile, please be sure to set a stop loss and adopt a moving profit strategy to cope with the rapid changes in the market. - Zhiyuan analyst Rocky