August 18 ETH Trading Perspective

ETH dropped to a low of 4417 during the early morning, and the intraday direction given yesterday provided a comfortable 160-point space.

Currently, the overall direction for ETH remains unchanged; we can look for short positions on rebounds. The resistance at the 4580 area still presents an opportunity for a short.

If you want to go long, pay attention to the 4430 level, where you can attempt a small short-term long position (not recommended to operate without a swing short position).