ETH: High level wandering

Fundamental analysis:

Ethereum maintained the shock near 1569. Mu Changchun, director of the Digital Currency Research Institute of the People's Bank of China, said today at the 2022 Hong Kong Financial Science and Technology Week that the Multilateral Central Bank Digital Currency Bridge project fully reused the existing infrastructure by means of financial technology to achieve connectivity between different central bank digital currency systems and between them and traditional financial market infrastructure.

Ethereum ETHUSD - 4-hour K line diagram shows:

Technical analysis:

The 4-hour chart shows that the short-term high position has narrow range consolidation and translation, the market short power has signs of waiting for opportunities to enter the market, the MACD index is in the long region consolidation and translation, and the RSI index is in the 50 balanced online side weak wandering;

Empty turning point: 1575

Pressing: 1603, 1636

Support: 1539, 1513

Trading strategy: 1575 bearish, target 1539, 1513

Alternative strategy: bullish above 1575, target 1603, 1636