8.18 ETH Market Analysis and Strategy

The current price of Ethereum is 4525. It is now 1:30 AM Beijing time. The highest point for Ethereum's daily K-line is 4574. Our entry point for the southbound position is 4550, which has been reached. You can refer to the content from the past few days to compare with the overall market. The daily K-line has not yet retraced to the trend support at 4230, making it difficult to see significant upward movement before that. Additionally, the bulls do not have a strong volume; the amount of selling from the main force is too large for the market to digest quickly. The four-hour K-line has formed obvious resistance near 4550. The MACD is showing a shrinking upward movement, and the DIF and DEA are facing resistance in their upward golden cross. The four-hour line has reached the middle band of the Bollinger Bands above 4495. Pay attention to the middle band support; if it is lost, go short with the trend. If it holds the first line of support, there will continue to be sideways movement around 4550 to accumulate positions in the short term. The short-term trend is still mainly bearish. As for the bulls, they need to wait until the market's chips are digested before considering.

Short-term reference: Be sure to set a good stop-loss; safety first.

Southbound trial entry point 4500 to 4550, defense at 4600, stop-loss 40 points, target looking at 4450 to 4400, and if broken, looking at 4350 to 4300.

Northbound trial entry point 4200 to 4150, defense at 4100, stop-loss 40 points, target looking at 4300 to 4350, and if broken, looking at 4400 to 4450.

Specific operations should be based on real-time market data; there may be delays in the publication of this article, so it is recommended for reference only, and the risk is self-borne.

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