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Ethereum (ETH) has recently attracted attention due to its trends. On August 12, ETH exhibited a significant one-sided rise, which has drawn widespread attention from the market. From a technical perspective, a divergence signal has appeared on the daily chart, while the 6-hour chart did not show any divergence.
Further observation shows that the 4-hour, 3-hour, and 2-hour charts all indicate a return to the zero axis, suggesting that investors should closely monitor potential internal bottom formations. For intraday short-term traders, the important resistance levels above are 4292, 4346, and 4389, while the support levels below are around 4235, 4220, and 4198.
It is worth noting that market participants should proceed with caution. It is advisable to maintain a wait-and-see attitude until reliable trading patterns are clearly identified, while emphasizing the importance of setting stop-loss orders. Each trade should have a clear risk management strategy.
The current Ethereum ecosystem seems to be gradually warming up, which may have a positive impact on the movement of ETH. However, the cryptocurrency market has always been highly volatile, and investors should remain vigilant at all times, conducting thorough research and risk assessment.
Overall, ETH's recent performance provides some interesting observation points for investors. However, whether experienced traders or novice investors, it is essential to make informed decisions based on one's risk tolerance and investment goals. The market is always full of uncertainty, and it is crucial to remain rational and patient.