ETH: bearish downside
Ethereum maintains fluctuations around 1644. Hong Kong ZABank (ZABank) announced that it has become the first settlement bank (settlement bank) of HashKeyExchange, a licensed virtual asset retail exchange in Hong Kong, and has begun to provide legal currency withdrawal and deposit services for investors holding ZABank accounts.
Ethereum ETHUSD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the short-term momentum continues to fluctuate downward, the short-term decline may continue, the market as a whole continues to move downward, the MACD indicator is in the long zone and fluctuates downwards, hovering near the 0 axis, and the RSI indicator is below the 50 equilibrium line and continues to decline. middle;
Resistance: 1676 1696
Support level: 1623 1606
Trading strategy: Bearish below 1656, target 1623 1606
Alternative strategy: bullish above 1656, target 1676 1696
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