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HandsomeYoungMan
📌 August 29 Morning ETH Real-time Thoughts
The overall trend of ETH follows Bitcoin, continuously weakening after a high rebound and is approaching the support zone below. The range of 4600-4650 above is a strong resistance area. If it cannot break through with volume, further upward movement is difficult; the range of 4450-4400 below is key support, and once broken, the price will test 4320-4280.
🔍 Technical Analysis
Daily: After continuous rebounds, the trading volume is insufficient, the indicators are dull, and the bears are gradually gaining the upper hand.
Four hours: Multiple attempts to break 4600 have failed, the trend is weak, and there is a risk of further declines in the short term.
Resistance zone: 4600—4650
Support range: 4450—4400, followed by 4320—4280
🎯 Personal Operation Suggestions
Short positions have been entered in the 4600—4620 range, currently holding, target 4450—4420, stop loss at 4670.
If it further retraces to stabilize around 4400—4450, you can try to accumulate long positions, with a target of 4550—4600 and a stop loss at 4380.
✅ Summary
ETH has currently entered a key support zone, and short positions have already locked in some profits. Patience is required to wait for confirmation at lower levels before making a switch. The strategy remains the same: short high and long low, strictly execute, and steadily take profits. Friends who do not understand the trend direction should pay attention, as teachers will share directional strategies every day!
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