From the weekly and daily chart of ETH, the following points can be concluded:

1. After a rapid rise, a bullish candlestick was formed on August 11, which directly broke through the weekly resistance level and successfully maintained above it.
2. After the daily chart showed a bearish signal, the market dropped, but the two daily chart bearish candlesticks had long lower shadows, and the extent of breaking the previous low was not very large, indicating that the support below is very strong.
3. The candlestick on August 4th from the previous two weeks was also a bearish candle, the price did not break the trend line again, and the bearish volume significantly decreased, fully confirming that the 3300 trend line support level is as solid as a rock.
4. The market has risen from 1385 USD to 4788 USD, with bulls continuously increasing their volume, and the price consistently breaking previous highs. In the short term, there has been a pullback, and bears are also fiercely counterattacking, but the price has not dropped significantly, indicating that the bears have weakened.
It is not difficult to see from the above points that although ETH seems to be stagnant at the moment, careful analysis of the K-line volume and patterns still reveals some clues.
This is also the most genuine intention of the market, do not mix in too many personal opinions.
Most people always like to think, I feel, just a slight feeling, and then conclude the future trend of the market. This is the mistake that retail investors are most prone to make.
This is also the core that I have always emphasized for everyone to learn the technology. Among all the technologies I have encountered, naked K charts are what I believe is most suitable for beginners to learn.
Simple, concise, and beautiful, without the need for any indicators, and even less need to draw too many parameter lines.
The青云has not yet arrived, since the height of summer.
The opinions are divided, and the autumn breeze will eventually become gentle.
#美7月PPI年率高于预期# #以太坊ETF突破300亿美元#