ETH Brother Hao’s Trading Strategy Today
Brother Hao: As of August 17, ETH is ranging tightly between 1874–1903, rebounding 1.06% from the low over the past 24 hours. Bitcoin has weakened and slipped below 63,000; ETH is relatively resilient, with the current price hovering near the 1900 psychological level.
Market sentiment is bearish. The Fear & Greed Index is at 31, in the Fear zone. Over the last 24 hours, the total liquidations across the entire network reached 80.71 million, with long liquidations accounting for more than 60%.
The market is currently in a choppy range. The daily ADX value is very low, and the larger trend has not clearly formed. The MACD bearish histogram is still expanding, and price is trading below the 20-day moving average. 1900 is the short-term pivot between buyers and sellers. When price pushes up on shrinking volume, it is likely to face selling pressure and pull back. Only when volume increases and price holds steady can the bullish structure truly open up.
On the upside, ETH-ETF inflows are continuously coming in. Net inflows have been stronger than BTC for two consecutive months. Institutions are gradually allocating, while large holders have also been withdrawing big amounts from exchanges for staking, providing support to the market.
Key support is in the 1869–1888 area. The first resistance overhead is 1908–1910, followed by a stronger resistance at 1920–1930.
Today, Brother Hao’s bias is bullish. Consider setting long positions in the 1890–1865 range. The first target is 1915, and the second target is 1960. While executing, watch for changes in volume—competition around the 1900 level will directly affect the short-term pace of the trade. #ETH $ETH
Brother Hao: As of August 17, ETH is ranging tightly between 1874–1903, rebounding 1.06% from the low over the past 24 hours. Bitcoin has weakened and slipped below 63,000; ETH is relatively resilient, with the current price hovering near the 1900 psychological level.
Market sentiment is bearish. The Fear & Greed Index is at 31, in the Fear zone. Over the last 24 hours, the total liquidations across the entire network reached 80.71 million, with long liquidations accounting for more than 60%.
The market is currently in a choppy range. The daily ADX value is very low, and the larger trend has not clearly formed. The MACD bearish histogram is still expanding, and price is trading below the 20-day moving average. 1900 is the short-term pivot between buyers and sellers. When price pushes up on shrinking volume, it is likely to face selling pressure and pull back. Only when volume increases and price holds steady can the bullish structure truly open up.
On the upside, ETH-ETF inflows are continuously coming in. Net inflows have been stronger than BTC for two consecutive months. Institutions are gradually allocating, while large holders have also been withdrawing big amounts from exchanges for staking, providing support to the market.
Key support is in the 1869–1888 area. The first resistance overhead is 1908–1910, followed by a stronger resistance at 1920–1930.
Today, Brother Hao’s bias is bullish. Consider setting long positions in the 1890–1865 range. The first target is 1915, and the second target is 1960. While executing, watch for changes in volume—competition around the 1900 level will directly affect the short-term pace of the trade. #ETH $ETH