The ETH strategy on the evening of August 20

The recent decline of ETH is mainly due to the drop in the technology sector of the US stock market and the uncertainty in the international macro situation. In particular, the drop of 1.46% in the Nasdaq index reflects the profit-taking after a surge, the rising uncertainty in regulation, and the multiple pressures from leveraged liquidations.

From the market perspective, the ETH afternoon行情 shows a rebound trend, but after reaching the important resistance level above, there has been no effective continuation upwards, proving that the resistance level above continuously exists. The rebound momentum is gradually depleting, and the bearish trend is about to continue again.

ETH Trading Suggestions: Short at 4250-4280, short-term target 4060, long-term outlook 3600.