Thoughts on ETH for the day of 8.9

ETH really held up against pressure today, soaring from 3883 to 4220 last night, hardly giving the bears a moment to breathe. I estimate there are still quite a few short sellers, and they must be feeling pretty chilly right now.

Currently, ETH is consolidating at a high level, and the next thing to watch is whether this consolidation will build momentum to surge higher or turn downwards.
Friends with empty positions, don't rush to take action now, stay calm and observe first.

If it pulls back to the 4130–4100 range and a rebound signal appears, it will be a good opportunity to buy on the right side. The target continues to look up at 4220-4300.

But if the price continues to drop, especially if it falls below 4060 and stabilizes below, then our short opportunity may have arrived. The target looks down to the range of 3950-3860, and if it breaks down further, we will continue to look down.

The market has reached a critical position, and the direction of the upcoming breakthrough will directly determine whether we are having soup or eating meat #Gate & WLFI USD1 积分计划 .