ETH Hao Ge Today Trading Strategy
Yesterday Hao Ge’s ETH long strategy was executed precisely, and the market moved exactly as expected! As of August 31, ETH surged high then pulled back; the long and short sides were in fierce contention, with overall volatility remaining relatively large.
On the daily chart, the candles keep forming long upper shadows and bearish K-lines. Selling pressure from above continues to suppress the price. Every time the market rebounds, bears step in to pressure it down. Currently, the price has formed a cross (doji) pattern; it repeatedly ranges and wrestles between 2450–2470. Overall, it is trading below the middle band of the Bollinger Bands, indicating a short-term downtrend continuation consolidation structure.
Technical indicators are weak and undergoing a slight recovery. The RSI on the 1-hour and 4-hour timeframes remains at low levels. Price has broken below the short-term moving averages. Meanwhile, MACD’s short-term upward momentum continues to weaken. The key market line in focus is 2475: only by holding above it can the rebound be restarted. If it breaks below 2432, it will trigger further pullback.
Overall, ETH is only experiencing short-term pressure and consolidation, not a trend reversal to bearish. Hao Ge’s mindset for today remains in line with the trend and stays bullish. On pullbacks, plan to scale into long positions in batches within the 2433–2403 support zone. For the short term, the first target is 2463. After a confirmed breakout and stabilization, then follow through and look up toward 2513 at the upper range. Focus on buying the dips rather than chasing highs in a range-bound market.#ETH $ETH
Yesterday Hao Ge’s ETH long strategy was executed precisely, and the market moved exactly as expected! As of August 31, ETH surged high then pulled back; the long and short sides were in fierce contention, with overall volatility remaining relatively large.
On the daily chart, the candles keep forming long upper shadows and bearish K-lines. Selling pressure from above continues to suppress the price. Every time the market rebounds, bears step in to pressure it down. Currently, the price has formed a cross (doji) pattern; it repeatedly ranges and wrestles between 2450–2470. Overall, it is trading below the middle band of the Bollinger Bands, indicating a short-term downtrend continuation consolidation structure.
Technical indicators are weak and undergoing a slight recovery. The RSI on the 1-hour and 4-hour timeframes remains at low levels. Price has broken below the short-term moving averages. Meanwhile, MACD’s short-term upward momentum continues to weaken. The key market line in focus is 2475: only by holding above it can the rebound be restarted. If it breaks below 2432, it will trigger further pullback.
Overall, ETH is only experiencing short-term pressure and consolidation, not a trend reversal to bearish. Hao Ge’s mindset for today remains in line with the trend and stays bullish. On pullbacks, plan to scale into long positions in batches within the 2433–2403 support zone. For the short term, the first target is 2463. After a confirmed breakout and stabilization, then follow through and look up toward 2513 at the upper range. Focus on buying the dips rather than chasing highs in a range-bound market.#ETH $ETH
