Cryptocurrency Scholar: On August 14, Ethereum (ETH) fell into chaotic fluctuations, under the killing pressure of longs and shorts, a turning point for a trend change is quietly brewing! Latest market analysis reference

　　The current price of Ethereum is 1894, many friends who trade Ethereum are often tortured by back-and-forth fluctuations, chasing when it rises a little, panicking when it drops a little, and after suffering losses, they begin to doubt the market. Now ETH is stuck at 1889, moving neither up nor down, bullish traders fear a surge followed by a drop, while bearish traders are afraid of an immediate rebound and upward breakthrough. The market does not follow the thoughts of the majority; in a fluctuating market, subjective predictions of a one-sided move are the most taboo.

　　The daily K-line operates near the middle rail of the Bollinger Bands, with multiple EMA moving averages gradually converging, indicating that the daily line has entered a phase of consolidation and grinding. The MACD indicator's DIF and DEA are gradually converging below the zero axis, while the bearish momentum continues to fade, but no clear bullish reversal signals have appeared. The first resistance level above is near the upper rail of the Bollinger Bands at 1944, while the key support below is at the lower rail of the Bollinger Bands at 1841. The daily Fibonacci complete downward wave is 15034957, and the current price is experiencing a low-level rebound and repair, without breaking away from the bottom-building cycle after a significant decline. It is difficult to initiate a continuous large-scale rise before a major bullish candle breaks through; overall, it falls within a low-level consolidation and repair pattern.

　　The four-hour K-line is entangled near multiple EMAs (EMA15, EMA30, EMA60), which repeatedly pull and tug, representing a balance of bullish and bearish forces. The Fibonacci from the low of 1510.87 to the high of 1982 currently has the price resting at the 38.2% retracement level of 1870-1880, which is an important short-term bullish and bearish dividing line. The 4-hour Bollinger Bands are narrowing, and market fluctuations are gradually contracting, brewing a directional choice. The MACD alternates between red and green bars, lacking sustained volume, while short-term consolidation continues. The strong resistance above is at the high point of 1982 and the support below is at the 23.6% Fibonacci position of 1730. The 4-hour outlook remains boxed within ranges until there is an effective breakthrough of 1909 or a drop below 1870.

　　 Short-term reference:

　　Southward entry point 1875 to 1855, stop loss 50 points, target at 1940 to 1980

　　Northward entry point 1970 to 1990, stop loss 50 points, target at 1910 to 1880

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