August 31 evening Ethereum market analysis and trading strategy

The daily chart shows that after a surge in price on the 26th, it has entered a phase of consolidation. Recent highs are gradually decreasing, forming a short-term downtrend. On the hourly chart, there has been a slight pullback in the last few hours, but overall it remains within a consolidation range, without breaking key support or resistance levels. The MACD histogram on the hourly chart is shrinking, indicating weakening bullish momentum; the MACD fast and slow lines on the daily chart are approaching the zero axis. The RSI on the hourly chart has retreated from the overbought area to around 56, showing a decline in short-term bullish strength; the daily RSI remains in a neutral to strong position, but there are no obvious overbought signals. The EMA7 and EMA30 on the hourly chart have crossed upwards, providing support from the short-term moving averages; the EMA120 on the daily chart remains stable, suggesting a low long position in the evening layout.
Auntie: 4430-4385 more, target 4500-4550 #币圈#