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8.20 evening ETH strategy
The moving average system shows a bearish arrangement, forming a strong resistance zone; in the MACD indicator, although the red bars are expanding, the DIF line is still operating in the low area, indicating insufficient sustainability of the rebound momentum. The 4060 level below is a recent key support level, and if this level is effectively lost, the price will enter an accelerated downward trend.
Suggestion: Around 4230-4260 for a long position, target: around 4080.