🚀 ETH – 31/8: The battle at the death zone!
Brothers, ETH is entering its most "bloody" phase since the beginning of the month. The price is hovering around $4,460 – $4,470, right at the crucial battleground between the bulls and the bears.
🔎 Daily Chart:
ETH, after a deep drop, still maintains balance in the range of $4,000 – $4,100$ (steel support).
The candle that bounced back yesterday shows that the bulls have not been defeated, but the old peak around $4,800$ remains like an impregnable fortress.
If it breaks through $4,600$ with high volume, ETH could shoot straight up to $4,900 – $5,000$ like a blockbuster.
⚡ H4 Chart:
The price is "struggling" in the box of $4,400 – $4,600. This is indeed the death zone; whoever wins here will dominate the whole situation in September.
The bears are strongly holding around $4,600, but just one breakthrough, and the fire will blaze throughout the market.
On the contrary, if ETH loses $4,400, the drop could plummet straight to $4,200$ or even $4,000.
🔥 Conclusion:
ETH 31/8 is no longer a small game. This is a life-and-death battle, either exploding or bloody. Traders entering this phase should be cautious, as just a moment of carelessness could see the market "swallow" everything.
💬 What do you think, is ETH about to explode past $5,000$ or drop back to $4,000? Comment your thoughts below to discuss strategies!
