8.20 Ether Intraday Analysis:

Ether has arrived as expected to test our support level around 4160, rebounding nearly 70 points at its highest! Subsequently, it fell again, effectively breaking below this level to reach our 4074 area! Ultimately, it supported and rebounded at this position, yielding a profit of 130 points based on the level!

Ether is expected to experience a slight rebound today, probably rebounding to 4160, where a support-resistance switch will occur! If there is another strong rise, it will again encounter resistance at 4225-4230, making it difficult to form an effective upward trend! Subsequently, we can continue to see support points at 4000 and 3910! Only a volume-driven rise forming a daily level bottom can signal the entry for spot trading.

Resistance levels above Ether are 4160-4225-4360-4450, while support levels below are 4074-4000-3910! Today's trend mainly looks at a small rebound followed by a large drop! The 4000 level may be tested for support! #ETH#