ETH: bearish downside
Ethereum remained oscillating around 1799. UniswapLabs tweeted that the v3 contract, general router and Permit2 are now live on the Sepolia testnet.
Ethereum ETHUSD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the short-term dynamics remain volatile and downward, and the short-term decline may continue. The market as a whole is in a weak trend. The MACD indicator is in a volatile trend and moves down to the lower side of the 0 axis, and the RSI indicator is weaker than the 50 balance line. ;
Resistance level: 1830 1849
Support: 1780 1761
Trading strategy: bearish below 1812, target 1780 1761
Alternative strategy: call above 1812, target 1830 1849
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