🔥 ETH – The fight for survival on 30/8 🔥
📌 D1 Frame:
Ethereum is in a phase of tense tug-of-war. After a strong bounce from the range of $4,000 – $4,200 (strong support), ETH climbed to retest the supply zone of $4,800 – $4,900 but has not been able to break through. The most recent red candle shows that sellers are still “holding on” fiercely, creating significant pressure. If the $4,200 level breaks, ETH could fall deep to $4,000 – the last bastion of buyers.
📌 H4 Frame:
Looking in more detail, ETH is trading within a narrow range of $4,200 – $4,400. This is the “hot spot” where the two sides are battling. Each support touch bounces back, but the rebound strength is quite weak → a sign that the bulls are gradually exhausting. If there is a break below $4,200, the market may explode with a “bomb” that wipes out stop losses.
Conversely, if ETH can hold the $4,200 line and bounce back, the immediate target is to retest $4,600 – $4,800. This will be a life-and-death battle, determining whether ETH has a chance to reach $5,000 in the next wave.
⚔️ In summary:
Buyers: Must protect $4,200 at all costs; otherwise, ETH will fall deep.
Sellers: Are waiting for the finishing blow; if $4,200 breaks, the door to $4,000 will swing wide open.
Traders: Be careful in managing capital, as ETH right now is like a battlefield – once it explodes, it will be extremely strong, leaving no room for hesitation.
🔥 Conclusion: On 30/8, ETH is no longer a stroll, but a fight for survival. Those who maintain their faith will reap the rewards when the smoke clears.
👉 What do you think, will ETH hold $4,200 or fall back to $4,000? Comment your thoughts so we can discuss strategies together!
