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#ETH #ETH 8.26 Zaojian Bitcoin Ether analysis
In four hours, the price is closely aligned with the lower Bollinger Band, showing a clear downward momentum. The chart indicates that the price has broken through support, with the K-line's bearish bar being full, suggesting that the downward momentum is sustained.
In one hour, the cerium market had a brief two consecutive bullish rebounds, but the long shadow indicates that selling pressure has not diminished. After rising, the MACD turned downwards, confirming a strong downward movement with increased volume. The rebound seems like a breath, building momentum for a downward trend.
Bitcoin is around 110000 to 110300, looking at around 108300.
Ether is around 4395 to 4425, looking at near 4250.