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#美7月PPI年率高于预期# #以太坊ETF突破300亿美元# 8.16 Weekend Market Overview: ETH bullish shark pattern, do you dare to go long?
ETH has been hesitating at the 4454 resistance exchange resonance position, consolidating due to the pressure from the descending wedge trendline; if it breaks the resistance and stabilizes, it can go long, otherwise, if it falls back, it can short in line with the trend.
Looking at the chart, ETH has a bullish shark pattern, with the predicted point D landing at 4744, so there is still a 300-point bullish space for Ethereum; wait for a right-side breakthrough at 4454 to stabilize and go long, with a stop loss at 4418, and targets at 4526, 4629, and around 4744; at the same time, if 4454 breaks down and falls back, you can also go short with a stop loss at 4503, and targets at 4399 and 4372; conversely, go short at point D to take the pullback, with a stop loss at 4794, and targets at 4604 and 4512.
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