8.16 Ether Evening Silk Road

After the intraday price fell to the key support level of 4364, it gradually stabilized, and short-term signals of a stop decline have begun to appear. From a technical perspective, although the MACD indicator is still in a repair cycle and has not completely emerged from the adjustment, the price has gained effective support near the MA moving averages, and the pullback during the previous upward trend has always remained within a controllable range.

If we can steadily hold the core support level of 4364 in the future, along with a gradual recovery in trading volume, the market is expected to rely on moving average support to restart the upward trend. Currently, it is crucial to closely monitor the effectiveness of the support level, as this will be a key signal for a stronger trend in the future.

Operating Space:
Auntie: Around 4380 - 4330, target / 4480-4550
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