Learn a little candlestick knowledge every day to improve market awareness#缠论 #交易 $ETH ‌

$ETH Still looking for a choppy move upward: Volatility has been compressed to the extreme, with the price grinding in the narrow $70 range between 1850 and 1920 for nearly two weeks. A direction usually emerges after prolonged range-bound trading, and buyers are defending 1850 fiercely (both retests of 1850 held). Since that level has held, I think the rebound is still intact, with the odds slightly favoring the upside. The main reason is that institutions have not given up on ETH either. Spot ETH ETFs saw net inflows of $244.9 million last week (the week of August 3), their strongest single week since mid-April, with BlackRock's ETHA taking in $203 million; although there were modest net outflows of $16.3 million over the past two days, this has not reversed the trend, and the foundation of five consecutive weeks of net inflows remains intact. The biggest switch is Fidelity staking—on August 11, Fidelity submitted a 100% staking amendment for FETH (with $8.98 billion in assets). Once approved by the SEC, it can distribute quarterly cash returns to holders, effectively turning ETH into a yield-bearing asset. Once this takes effect, institutional demand could move up another level. The CLARITY Act will also enter its Senate voting window next week, providing another potential catalyst for ETH. So my view remains bullish unless 1850 breaks. Next week, I will be watching the progress of Fidelity's staking approval closely; this is the only switch for $ETH that could trigger a huge short-term move.

8.18 ETH $ETH Short Setup Entry: Short around 1904–1912 Defense: 1919 First target: 1897 Second target: 1891 After the market surged to a high of 1918, it encountered selling pressure and quickly pulled back. The short-term rebound lacked momentum, and the bulls’ upward push had been exhausted, with the surge giving way to a step-by-step weakening correction. 1904–1912 is the chip resistance zone for this round of decline. If the price rebounds into this range, previous trapped positions will create significant selling pressure. The market can only reverse the current short-term weakening trend by holding firmly above 1919 with increased volume; otherwise, it still has room to continue probing lower. #我的七夕交易分享