Crypto Circle Red Sister 8.29: Today's Ethereum (ETH) latest market analysis and trading suggestions!

CN
6 hours ago

Red Sister in the Crypto Circle 8.29 (Writing time 0:43) Today's Ethereum (ETH) latest market analysis and trading suggestions:

Ethereum is currently priced around 4520, and the price is near the EMA60 position on the 4H chart. The candlestick has found temporary support at the EMA80 position twice, with the upper and lower bands tending to flatten. It is expected that in the coming weekend days, it will continue to operate within the 4H channel. The lower band coincides with the EMA120, which also forms a parallel support node with the low point on the 26th. This position can be noted as a key short-term support point; during the day, the MACD energy bar has turned from green to red again, and the DIF and DEA are converging to form a death cross downward. However, the bearish volume is still not very strong, indicating that the overall direction of bulls and bears in this range is still unclear, and there may be a rebound signal after short-term overselling. The 4H level RSI1 is below 50, in the neutral area, and has not shown overselling, indicating the possibility of further downward adjustment. It is suggested that long positions should wait patiently for the right opportunity, including the KDJ three lines crossing upwards and failing, now turning downwards. Therefore, it can be seen that the short-term bearish trend has not completely finished. Red Sister suggests that those with high short positions can reduce their holdings! Wait for the short-term price to continue testing the 4470 position and stabilize before entering long. If it fails, it needs to adjust to the lower band and EMA120 key position to look for entry opportunities! High selling opportunities can continue to focus on the high point range from yesterday and the day before, with defense still placed above the 4H upper band position!

Selling point sharing: ≥4600 short, stop loss above 4670; take profit at 4530-4470, breaking below 4460-4430 can leave room down to around 4375.

Buying point sharing: ≤4375 long, stop loss below 4300; take profit at 4650-4720-4790; breaking above 4800-4850 can leave room.

The article review and push have delays, the above points are for reference only, please grasp the timing of buying and selling yourself, and ensure proper risk control when entering the market, do not operate with heavy positions! Thank you for reading!

Thus, our journey in the crypto circle begins to move towards a broader new starting point, and it is by no means an endpoint, as the road is still long and must be taken step by step! The ocean of the crypto circle is vast and boundless, full of opportunities and challenges. I hope that in the days to come, you will always maintain a thirst for knowledge and a spirit of exploration for the unknown. Remember, the crypto circle is not just about numbers and charts, but also about humanity, decision-making, and the art of the future. In investing, maintain rationality and calmness, do not be swayed by short-term fluctuations, and view the market with a long-term perspective. Keep learning and enhance your professional qualities. Knowledge in the financial field is constantly updating; only through continuous learning can you keep pace with the times and seize every opportunity. Be brave to try and innovate. Do not fear failure, as every failure is an opportunity for growth. In the world of the crypto circle, the brave often carve out their own territory. Finally, I wish you all shine on the stage of the crypto circle, realizing your value and dreams. No matter when and where, Red Sister cheers for you and looks forward to your wonderful performance. Red Sister wishes everyone a smooth journey in the crypto circle, returning with a full load!

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