Cryptocurrency Circle Academician: After the big breakout of Ethereum (ETH) on August 20, has the real game of Ethereum just begun? Latest market analysis reference

　　The current price of Ethereum is 2080, a rapid rise brought it directly to around 2098, and many friends probably missed this rebound. After a long time of bottoming out at a low level, many people couldn't hold on and sold off, only for the market to suddenly gain momentum. That's how the market works; most profits are earned through endurance, not by chasing highs. Now many are in a dilemma, wondering if this wave is a reversal or a short-term trap; chasing in raises the fear of missing out, while not chasing raises the fear of missing the opportunity.

　　The daily K-line has started a rebound from the previous low of 1503, currently touching the Fibonacci 78.6% resistance near 2242. In the moving average system, the short-term EMA15 and EMA30 are turning upward, while the medium to long-term EMA60 and EMA90 are still in a downward trend, indicating that this is only a rebound and the larger trend has not fully reversed. The MACD indicator's red bars are continuously expanding, with the DIF turning upwards, indicating that bullish momentum is being released; the Bollinger Bands are opening upwards, and the price is above the upper band, currently in an overbought state. Strong resistance is at 2242-23300 above, and the first support area is at 1890-1900 below. If it cannot stabilize above 2242, it is likely to experience a rise followed by a pullback for correction.

　　The four-hour K-line shows a strong bullish candle breaking through the previous consolidation platform, with a peak touching 2132. The Fibonacci 61.8% level is at 2097, and the price is currently hovering around this key resistance level. The short-term EMA moving averages are all in a bullish arrangement, with the price firmly above all averages, indicating a dominant bullish trend. The 4-hour MACD has quickly risen to a high position, with red bars significantly expanding, and the indicator has entered the overbought zone, presenting a risk of a top divergence correction. The Bollinger Bands are rapidly opening up, with the K-line running close to the upper band. Direct resistance is at 2130-2180 above, and key support is at 1980-2010 below, which is the upper edge of the previous consolidation platform. In the short term, avoid blindly chasing highs, as after a strong rise, it is easy for the four-hour level to show pullback actions to confirm support.

　　Short-term reference:

　　If it does not break 2010 to 1990 on the downside, go long, with a stop loss of 40 points, targeting 2130 to 2240.

　　If it does not break 2230 to 2250 on the upside, go short, with a stop loss of 40 points, targeting 2130 to 2020.

　　Specific operations should be based on real-time market data. For more information, please consult the author. There may be delays in publishing the article; suggestions are for reference only, and risks are borne by the reader.

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