Ethereum's recent market performance has attracted significant attention from investors. From a Technical Analysis perspective, the current volatility trend is likely a Relay pattern in a downtrend.



The market is currently in a clear tug-of-war range. Within this range, $4160 has become a key support level, which has been tested three times but not breached. Meanwhile, $4370 has become the main resistance level, which is the high point from August 11.

Therefore, we can observe a consolidation range from $4160 to $4370. It is worth noting that the support level at $4160 has begun to show signs of weakening after experiencing three tests.

What is more concerning is that from August 14 to 16 will be an important turning point time window. Combining the current technical patterns and time cycles, the analysis shows a very high probability of a breakout fall, even exceeding 95%.

However, we also need to be wary of the uncertainty in the market. Although technical indicators show bearish signals, external factors such as macroeconomic policies and industry news can significantly impact market trends. When making decisions, investors should not only follow the technical aspects but also comprehensively consider changes in the fundamentals and news.

In any case, the market trend of Ethereum in the coming days will undoubtedly stir the nerves of cryptocurrency investors worldwide. We advise investors to remain vigilant, manage risks well, and keep an eye on market developments.
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NFTArtisanHQvip
· 11m ago
fascinating how the market oscillates between duchamp's conceptual boundaries... support at 4160 is pure digital aesthetics
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BtcDailyResearchervip
· 08-12 03:38
95% chance of a big dump? Nonsense!
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SighingCashiervip
· 08-12 03:26
Pros bet on the decline, not on the rise.
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