August 22 ETH Market Analysis: Short Squeeze Continues, Bullish Momentum Unabated

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9 days ago

1. Market Review: ETH Strengthens Again

Last night, ETH experienced a strong upswing once more, continuing the previous upward trend. From the market perspective, the bullish sentiment is evidently rising, with bullish momentum continuously accumulating, and it is expected to continue its ascent today.

2. Macroeconomic Fundamentals: U.S. Debt Issues Escalate, Capital Accelerates Allocation to Digital Assets

Recently, the repurchase operations of U.S. Treasury bonds have continued to impact the global financial market, a phenomenon worth every investor's attention.

Just early yesterday, U.S. President Trump responded to the milestone event of U.S. national debt surpassing $40 trillion. He stated that this issue "has existed for 35 years," and the way to resolve the debt is "through growth," emphasizing that the U.S. is currently achieving "very strong growth." Implicitly, this means repaying old debts by continually issuing new ones.

This "drinking poison to quench thirst" approach to debt repayment is likely to lead the U.S. to a severe debt crisis and credibility crisis in the long run. As pointed out by Bridgewater's founder (Dalio), this crisis may erupt within three years.

Against this backdrop, more and more investors are beginning to realize the risks of single asset allocation, turning to seek diversification and spreading their assets across different markets. The recent influx of funds into the cryptocurrency market is a direct reflection of this hedging and allocation logic.

3. Technical Analysis: Short Squeeze Trend Established, Bullish Momentum Not Diminished

From a technical standpoint, the bullish pattern of ETH is very clear:

4-Hour Level

After a relatively mild adjustment, the market has accelerated upward once again, starting to form a more obvious short squeeze trend. Prices continue to rise, with significant bearish pressure, refusing to pull back.

Hourly and 15-Minute Levels

The upward trend of oscillation has not only continued, but momentum is also clearly increasing. The bullish structure in the short term remains intact, with a steady upward rhythm.

4. Today's Trading Strategy (For Reference Only)

Based on the above analysis, today's trading approach is still primarily bullish:

  • Key Support Level: 2449 Line

  • Wait for a slight pullback, then capture bullish signals

  • Reference Bullish Range: 2470–2460

  • Reference Stop Loss: 2423

  • Reference Targets: 2625, 2817

  • If you want to know more details and specific operations, see you in the live broadcast tonight, where we will analyze the market in real-time and discuss the logic behind the charts.

    TS: Three APPs can be downloaded from the app store, scan the code to add)

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