8.13 Ethereum (ETH) market analysis reference

After Ethereum pulled back and rebounded yesterday, the market broke upward, with prices rising strongly as expected. Currently, it is continuously breaking upward, with high positions around 4683, and the intraday increase has reached over 300 points. The market is in a one-sided upward rhythm, and if the price can break through the 4700 level, it is expected to set a new historical high. Looking at the daily level chart, there have been consecutive large bullish candles, with a single-day increase of up to 367 points on August 12, forming a strong breakout pattern. Recently, after multiple oscillations in the 4500-4700 range, it has broken through previous highs with increased volume, showing strong bullish momentum. The MACD daily double line has crossed above the zero axis, with the DIF (301) continuously widening against the DEA (233), and the histogram accelerating to 136, indicating a typical bullish market. The EMA7 (4304) has crossed above the EMA30 (3757) and EMA120 (2993), with moving averages displaying a standard bullish divergence arrangement, and prices consistently operating above the EMA7. Moreover, after the market broke upward in a short time, the gains have been astonishing, so it is recommended to follow the trend and go long, while being cautious with short positions. Currently, support levels to watch below are 3770-3700-3630, and if there is a pullback, it could provide an opportunity to consider entering long positions.
8.13 Ethereum short-term reference:
Enter the market again after the test position breaks the historical high.
Buy in the range of 4400-4451, stop loss 30 points, target above 4600.
There is a delay in sending the article. Strategy suggestions are for reference only. The market changes rapidly, no matter how accurate your market judgment is, you must always set stop-loss and take-profit orders. Secure your profits.