8.21 Ethereum (ETH) Latest Market Analysis Reference
The current price of Ethereum is 4320. It is now 1:30 AM Beijing time. The daily K-line highest point is 4328. It can be seen that the main force directly retraced to the Fibonacci golden ratio line 0.786 support and then stretched upwards in a straight line, breaking through 4300 from 4060. A one-sided move has reversed yesterday's bearish trend. The daily K-line has virtually broken the mid-track and pulled back upwards, reaching the upper pressure level. The four-hour K-line resistance level has become more obvious, pulling back to the ascending trend line support and pushing up to the EMA trend indicator top resistance level of 4310. Therefore, it cannot be ruled out that if the ascending trend support is not broken, the bulls will come surging again. Therefore, the long positions at 4060 are valid, and after taking some profits at 4300 in the short term, the remaining positions can continue to be held.
Short-term reference: Be sure to set a stop-loss; safety first.
Southbound trial entry point 4300 to 4350, defend at 4400, stop-loss 50 points, target look at 4250 to 4200, if broken look at 4150 to 4100.
Northbound trial entry point 4100 to 4050, defend at 4000, stop-loss 50 points, target look at 4150 to 4200, if broken look at 4250 to 4300.
Specific operations should be based more on real-time market data; the article published has a delay, and suggestions are for reference only; risks are borne by the individual.
