Li Shengtian's Ethereum Evening Market Analysis and Trading Strategy on August 20

CN
李聖庭
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6 hours ago

Ethereum's shorts continued to increase and decline yesterday, with the lowest price today also touching around the 4060 line. From the daily technical indicators, the KDJ and MACD indicators still maintain a death cross downward trend today. In the BOLL technical indicators, Ethereum has dropped to the lower band area, while a rebound sentiment has emerged. Currently, the support at the bottom is still very strong. Although the BOLL indicators are still showing a continuous strengthening trend, the MA5 and MA10 moving averages are consistently under pressure, while the MA30 moving average continues to oscillate upward. Personally, I believe that the rebound strength today is likely to be around the five-day moving average. In simple terms, today's rebound strength is likely caused by the price not being able to break below the strong support around 4060. Additionally, as long as Ethereum cannot break through the MA5 moving average, which is around 4300, the price will continue to oscillate downward. It is important to pay attention to the 4300 level; if it is broken, the price will naturally continue to oscillate upward.

The above is my personal evening market analysis for reference only; specific points should be based on real-time guidance.

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