Academician of the cryptocurrency circle: On August 13, Ethereum (ETH) is in a choppy bottoming phase, with hidden signals behind the long-short game! Latest market analysis reference

The current price of Ethereum is 1894, and the overall direction seems weak. However, it can't seem to fall further, and when trying to chase long positions, there is fear of a pullback after a spike, and when trying to short, there is worry of missing out on a direct rise. Many retail investors are currently stuck in this dilemma, watching the market fluctuate back and forth, repeatedly getting stopped out. There is still no clear one-sided movement on a larger scale, and the short-term is all about range trading. Don't always think about catching a major market move in one go; in a choppy market, chasing highs and cutting losses is most to be avoided, as getting the rhythm wrong can easily erode the principal.

The daily candlestick is in a corrective consolidation phase after falling. The price has stood above the lower Bollinger Band, and the Bollinger Band is gradually narrowing. The short-term downward momentum is clearly slowing down. The EMA moving average system is still in a bearish arrangement, with mid- and long-term moving averages forming resistance above, with key pressure around 2242. The MACD indicators DIFF and DEA are slowly converging below the zero line, indicating a weakening of bearish power, but an effective bullish reversal signal has not yet formed. Strong support below at 1839 (the lower Bollinger Band), with previous low at 1503 as the next support. Currently, the daily line is in a bottom-building repair phase after a decline, and it cannot be directly determined to reverse the major trend before stabilizing above key pressure; it is more of a rebound repair market.

The four-hour candlestick is oscillating above the Fibonacci 38.2% position at 1870. The price is repeatedly being tugged by multiple EMA moving averages, and the moving averages are entangled and flattening out, making it a typical choppy market. The Bollinger Band continues to narrow, indicating that the market volatility is decreasing and a direction is about to be chosen. The MACD is moving back and forth near the zero line, with both red and green bars not continuously expanding, showing an equilibrium in the long-short game. The upper pressure looks towards the 1982 high, with support below at 1870 and further support at 1730. Before effectively breaking through 1982 in the four-hour timeframe, it will be difficult for bulls to open up upward space; if it breaks below 1870 support, it will open up a retracement again, making the current phase suitable for a range mindset, not suitable for chasing orders.

Short-term reference:

Southern trial entry point at 1875 to 1855, stop loss 50 points, target looking at 1940 to 1980

Northern trial entry point at 1970 to 1990, stop loss 50 points, target looking at 1910 to 1880

Specific operations should be based on real-time data from the market, more detailed information can be consulted from me, the article is published with a delay, suggestions for reference only, risk is self-borne.

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