ETH: Consolidation within a narrow range

Ethereum maintains a shock around 1821. The cryptocurrency contract trading and investment platform Tbit issued a document announcing that it will fully transform the infrastructure construction in the direction of Web3.0 in the later stage. Now it has decided to clear the trading users of Tbit. The Tbit trading platform will cease operations on May 31, 2023, and the platform will complete the orderly withdrawal of the trading business on the premise of ensuring the security of global user assets. Users' assets in Tbit will be 100% paid and withdrawn.

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

Looking at the 4-hour chart: After the low-level bullish momentum moved up, the short-term bullish sentiment began to shift slowly. The bullish momentum in the market was weak. The MACD index was in the short area and moved up, and the RSI index was hovering weakly above the 50 balance line;

Resistance level: 1841 1861

Support: 1789 1769

Trading strategy: Bullish above 1809, target 1841 1861

Alternative strategy: bearish below 1809, target 1789 1769