Tonight, the fall of Ethereum is significantly greater than that of Bitcoin, showing a relatively weak market performance. From the hourly charts, Ethereum is forming a double bottom structure, which may indicate a support level in the short term.



Currently, the price area around 4470 USD has become an important observation point, and investors may consider reducing long positions here. If the market can stabilize, the next important upward target may be between 4515 and 4555 USD.

However, investors need to closely monitor the trend of Bitcoin, especially the pullback that may occur around 4 AM. Ethereum is likely to follow the trend of Bitcoin, and if Bitcoin experiences a significant fall, the decline of Ethereum may further expand. Therefore, investors holding long positions should remain vigilant and consider taking profit at the right time to avoid potential risks.

In this uncertain market environment, flexible strategy adjustments and strict risk management are particularly important. Investors should formulate their trading strategies by considering multiple factors, including technical aspects, fundamentals, and overall market sentiment.
ETH1.03%
BTC-1.1%
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AirdropHunter007vip
· 08-28 18:46
A sucker in the crypto world has lost badly.
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ApeShotFirstvip
· 08-28 18:44
Who is ready to open a high-leverage short order with me at four in the morning!
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DecentralizedEldervip
· 08-28 18:38
Just let it be if you're bearish this time.
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BearMarketSurvivorvip
· 08-28 18:30
Every day that a veteran lives is a victory. With a lighter position, the battle losses can be controlled.
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