ETH strategy for 8/8:


The current ETH market is in a range-bound fluctuation pattern. Technically, although the moving average system shows a bullish arrangement accompanied by a golden cross, indicating that market momentum is strengthening, the shrinking trading volume and the formation of overbought signals have created a divergence between volume and price, suggesting that upward momentum may be insufficient. In addition, the engulfing pattern, as a bullish reversal signal, indicates that there is a possibility for the price to attempt to break through the resistance level at 3968, but caution should be exercised regarding the risk of a pullback.
ETH operation suggestion: 3910±10🈳, target to be determined by yourself, strict defense. For reference only, subject to the actual situation!
ETH4.03%
IN35.22%
CROSS4.83%
MAY1.83%
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