#八月行情预测 Ethereum market analysis on Thursday evening at 8.7

Afternoon market review: Bitcoin started a volatile upward movement from around 114240, reaching a high of 116749. Ethereum closely followed Bitcoin's lead, rebounding strongly from a low of 3646 and soaring to a high of 3841. Our bullish strategy in the afternoon accurately captured this movement once again.

From the current market perspective, the recent trend exhibits a clear staircase-style upward fluctuation characteristic. The market initially sees a gentle increase in volume, breaking through previous key resistance levels, followed by a technical pullback, but the support from below remains strong. Observing the K-line patterns, each ascending step is accompanied by gradually larger bullish candlestick bodies, while the pullbacks mostly consist of smaller candlesticks like doji or small bearish lines, which can both avoid short-term overbought risks and maintain the integrity of the overall upward trend. Currently, the Bollinger Bands are opening upwards, with the middle band providing effective support for the price, and the outlook remains bullish for the evening.

Operation Suggestions:
Ethereum: Long around 3810 - 3790.
Targeting 3900-3950$ETH