August 24 ETH Market Analysis $ETH
ETH's market trend is relatively clear
The weekly neckline is in the 2385-2365 range. As long as this range is not broken, the outlook remains bullish.
Today a new weekly candle has opened, and the price is holding above 2385.
The market is strong.
However, the 4-hour chart is currently at a high level, so more time is needed to confirm the effectiveness of the support below.
Upper resistance: 2525 2555 If this is broken effectively, the next resistance is at 2620.
For intraday short-term trading, you can consider: 2385-2395-2355, a short-term long here.
For shorting, I personally still recommend waiting a while longer.
ETH's market trend is relatively clear
The weekly neckline is in the 2385-2365 range. As long as this range is not broken, the outlook remains bullish.
Today a new weekly candle has opened, and the price is holding above 2385.
The market is strong.
However, the 4-hour chart is currently at a high level, so more time is needed to confirm the effectiveness of the support below.
Upper resistance: 2525 2555 If this is broken effectively, the next resistance is at 2620.
For intraday short-term trading, you can consider: 2385-2395-2355, a short-term long here.
For shorting, I personally still recommend waiting a while longer.
