$ETH Crypto Circle Academician: On August 19, Ethereum (ETH) appears to be moving sideways, but in reality, long and short positions are reshuffling! Latest market analysis for reference
Ethereum is currently at 1913. It cannot rise much, nor can it fall deeply, repeatedly sweeping stop-losses. Holding a long position risks a sudden plunge, while shorting risks an immediate breakout rally—getting slapped from both sides. The current market is a typical choppy and grinding range, with no clear signal on the overall direction. Many people always want to capture a major move in one trade and frequently open positions back and forth, only to be repeatedly harvested in a ranging market. Do not constantly fixate on short-term fluctuations of one or two hundred points. In a ranging market, chasing rallies and selling into declines are the biggest taboos. Controlling your hands is more important than anything else.
The daily K-line is overall in a low-level repair-and-consolidation range following a decline. The moving-average system is entangled and flattening, with the 15-, 30-, and 60-period EMAs converging, indicating that long and short forces are relatively balanced and no clear one-sided trend has formed. The Bollinger Bands are narrowing, and the price is moving near the middle band. The MACD DIF and DEA are converging near the zero axis, while the red bars are expanding slightly. Bulls have a slight advantage, but upward momentum is insufficient. The key resistance above is the 1930-1950 range, which is an important short-term resistance zone. Only after firmly holding this range will the daily chart open up further room for a rebound. The core support below is 1845-1870. Once this range is effectively broken, the daily rebound structure will be damaged and a renewed downward move to seek a bottom will begin.
The four-hour K-line is running above multiple EMA moving averages, with the short-term moving averages arranged bullishly, forming a relatively strong consolidation pattern. The four-hour Bollinger Bands are flattening, and the price is fluctuating below and close to the upper band. Short-term resistance above is 1922-1930, the previous high area. Multiple tests have failed to produce an effective breakout, making it strong resistance. The MACD DIF remains above the DEA, and the red histogram bars are expanding slightly, but not continuously, indicating that bullish momentum is weakening. Support below is at 1870-1890, which is the 38.2% Fibonacci level and also a dense support band formed by the four-hour moving averages. As long as this range is not broken, the relatively strong four-hour consolidation structure will remain; a break below it would signal a shift toward a pullback.
Short-term reference:
Southbound trial entry: 1890 to 1870, stop-loss 50 points, target 1925 to 1945
Northbound trial entry: 1945 to 1965, stop-loss 50 points, target 1900 to 1885
Specific operations should be based on real-time order-book data. For more information, you may contact the author. Articles are published with a delay and are for reference only; assume all risks yourself.
#宇树科技上市能否冲击2000亿