Cryptocurrency Circle Scholar: On August 31st, Ethereum (ETH) moving averages have all turned upward; how far can this round of rebound go? Latest market analysis reference

　　The current price of Ethereum is 2475. Watching Ethereum rise sharply, I am conflicted about whether to chase it or wait for a pullback. After a big surge, there are two things to fear: buying high and getting stuck, or missing out and feeling uncomfortable. The market does not go according to everyone's thoughts; when it rises, there are bullish voices everywhere, and as soon as there is a slight pullback, panic spreads immediately. Many people rush into the market after seeing a big bullish candle, ignoring the supporting and resisting pressure behind it, and ultimately end up giving back profits or even incurring losses.

　　The daily K-line's strong rebound directly stands above multiple EMA moving average systems, with the 15, 30, and 60 periods all turning upward, providing price bottom support. The MACD maintains a bullish range above the zero axis, with red bars contracting, indicating that after continuous rising, bullish momentum is beginning to slow down. The Bollinger Bands are opening upward, with prices running close to the upper band, and the first resistance at Fibonacci 78.6% level in the 2422-2480 range, with further resistance near 2823. The key support lies at 2247, which is also the 78.6% pullback level. The overall trend on the daily chart has turned bullish, but there is a need for a pullback and correction after consecutive increases, making it unsuitable to chase highs directly; waiting for a support retest to reassess opportunities is advisable, while being cautious of the retracement risks brought by a high rush and decline.

　　The four-hour K-line reached a high point of 2566 and then began to oscillate at a high level, unable to continue to refresh new highs in the short term. The price remains stable above all EMA moving averages, and the mid-term bullish structure has not been broken, but short-period indicators are beginning to show signs of a top divergence. The MACD's DIF is gradually converging downward towards DEA, and the red bars are disappearing, turning into green bars, indicating that bullish strength in the four-hour level is weakening and entering a consolidation phase. The Bollinger Bands are beginning to narrow; the upper band 2523 forms short-term pressure, while the lower band 2412 is nearby support. The four-hour chart has not directly reversed; it is part of high-level consolidation after a major rise, either oscillating to accumulate strength for further upward movement or retesting moving averages to repair indicators. At this stage, do not blindly be bullish; focus on observing the gains and losses of the 2412 support level. If it holds, the bullish structure remains; if it breaks, a deeper pullback will be initiated.

　　Short-term reference:

　　If the lower range of 2440 to 2410 does not break, go bullish, with a stop-loss of 40 points, targeting 2530 to 2620.

　　If the upper range of 2540 to 2560 does not break, go bearish, with a stop-loss of 40 points, targeting 2500 to 2450.

　　Specific operations should be based on real-time data from the market; more details can be consulted with the author. The release of the article may have delays, and the suggestions are for reference only; risks are to be borne by the reader.

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