Ethereum(ETH) showed a wide range of fluctuations on August 21, with the daily chart indicating a non-divergent state. An invisible pattern appeared on the 8-hour level, and investors need to closely follow the rebound situation on the 2-hour market data.

The resistance levels ETH faces today are 4337, 4376, and 4438, while the support levels are 4278, 4242, 4222, and 4185. Currently, the long-to-short ratio for ETH is 1.14, indicating relatively balanced market sentiment, with the fear index maintaining around 50.

It is worth noting that the real trading fund ratio is 69:31, while the overall long-short ratio is 53:47, indicating that market participants have differing views on the short-term trend of ETH.

In this market situation, investors should remain cautious and adhere to the principle of "Do not act without seeing the pattern, do not open positions without stop-loss." The market changes rapidly, and timely stop-loss and risk management are crucial.

Despite the uncertainty in the market, ETH, as one of the mainstream cryptocurrencies, still deserves to be followed for its future development. Investors should continuously pay attention to market dynamics and make informed decisions based on their own risk tolerance.