8.18 Monday Evening ETH Analysis

Sentiment is shifting at a turning point. Excitement suggests caution, and fear brings opportunity. The recent round of correction has seen a drop of 600 points, with the Federal Reserve meeting approaching, the market seems to have hit the pause button, but this is not a reason for us to retreat! On the contrary, it gives us the opportunity to position ourselves in advance.

The first support on the 4-hour chart is "4220, 4180" for initial positions, with light positions moving north. In the short term, we look at 4520, in the medium term, 4670, and for new highs, we aim for 5000!