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ETH: bulls up

Fundamental analysis:

Ethereum remained volatile around 1654. The Ethereum client Nimbus announced that it would update the donation wallet address to 0x6c0843D55801Ce96Fc9e0942da19Ab37Dcf29AC9. Nimbus said that this address is a multi-signature wallet address, which will reduce the risk of managing donations and strengthen internal operations. Funds from the original donation address will be transferred to this new address within the next 24 hours.

Ethereum ETHUSD - 4-hour K-line chart shows:

Brief technical analysis:

The 4-hour chart: In the short term, your bullish momentum fluctuates upwards at a high level, and the market is shrouded in bullish sentiment. In the short term, there are signs of continued upward movement. The MACD indicator is hovering above the 0 axis, and the RSI indicator is in a weak order above the 50 balance line;

Resistance: 1683 1710

Support level: 1620 1595

Trading strategy: Bullish above 1643, target 1683 1710
Alternative strategy: bearish below 1643, target 1620 1595

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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