Cryptocurrency Academician: On August 11, Ethereum (ETH) fell into a chaotic fluctuation. What breaking signal lies behind the long and short game? Latest market analysis reference

Ethereum's current price is 1880, fluctuating easily wears down people's mentality. Many losses do not come from significant drops, but from repeatedly opening positions back and forth during fluctuations, getting stopped out each time. There is always the feeling that a big market event is about to happen, leading to frequent entries, resulting in no profits made, while fees and stop losses eat away at a large portion of the principal. During the fluctuation phase, do not always think of capturing every small movement; if you do not understand, it's better to operate less. Do not hold onto a lucky mentality without stop losses, as once a breakout happens, a short-term pullback can come very quickly. The market is never short of opportunities; there's no need to rush. It's wiser to patiently wait for the market to show a clear direction before taking action than to gamble in chaos.

The daily candlestick chart is overall in a repair phase, and the rebound process is continuously suppressed by moving averages. The EMA30 and EMA60 moving averages are positioned in the 1870-1905 range, and the current price is entangled around the short-term moving averages. The Bollinger Bands are narrowing, with the upper and lower bands converging, indicating that the market has entered a consolidation phase. The MACD is operating below the zero axis, and there are signs of a golden crossover between DIF and DEA, but bullish momentum is insufficient. The Fibonacci 78.6% level at 2242 is strong resistance above, while the critical support below is at 1503. There has been no clear reversal signal on the daily chart, and it is merely a weak rebound after a decline. The overall trend remains sideways; only a breakout above the moving averages can open up rebound space, and if it falls below 1830, it will turn weak again.

The four-hour candlestick chart has formed a small rebound structure with raised lows. The price is repeatedly contending around the middle band of the Bollinger Bands. The Bollinger Band channel continues to narrow, and the volatility is constantly shrinking. The EMA series moving averages are intertwined, with long and short forces tending to balance. The MACD indicator is oscillating around the zero axis, with neither the red nor green bars continuously amplifying, indicating no unilateral momentum. The first resistance above is in the range of 1907-1933, which also coincides with the upper band of the Bollinger Bands and the 50% Fibonacci retracement. The support below is at 1840-1830, which is the lower band of the Bollinger Bands. The four-hour chart has not shown a large trend; it is a typical consolidation market, likely waiting to choose a direction. Before breaking resistance or falling below support, it is best to treat it according to range thinking and not to bet on an explosive one-sided move in advance.

Short-term reference:

If the price does not break below 1850 to 1800, it may rise, with a stop loss at 1770 and a target looking at 1900 to 1950.

If the price does not break above 1930 to 1960, it may fall, with a stop loss at 1990 and a target looking at 1890 to 1850.

Specific operations should be based on real-time market data. For more detailed information, you can consult the author. There may be a delay in the article publication, so it is suggested for reference only, with risks borne by the reader.

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