Ethereum (ETH) - August 20

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(ETH.D 1W chart)
For ETH price to maintain its upward trend, ETH dominance needs to be maintained above 18.54-20.13.

When it falls below 18.54, I expect it to start a bearish wave again with a sharp drop.

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(ETHUSDT 1D Chart)
It fell below 1741.38, the midpoint of the 1196.81-2285.94 section.


If you find resistance below 1506.09, you should be cautious as it is likely to lead to further declines.


However, since it was supported and ascended in the 924.52-1196.81 section, the upward force is still considered stronger.

You can temporarily touch around 1622.46.

At this point, the important thing is to quickly rise above 1741.38 and get support.


For a full-fledged uptrend to continue, it needs to rise above 2558.23.

So, as with the BTC chart explanation, it is important to trade without running out of cash until then.

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** All descriptions are for reference only and do not guarantee a profit or loss in investment.

** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.

** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.

** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

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