ETH: High level wandering
Ethereum maintained the shock near 1535. The Dubai Financial Services Authority (DFSA) recently announced that its crypto token system has come into effect in the Dubai International Financial Center (DIFC) Special Economic Zone, with a transition period of six months.
Ethereum ETHUSD - 4-hour K line diagram shows:
The 4-hour chart shows that: after the high-level weak consolidation retreated, it began to hover, and the short-term decline weakened, but the trend remained. The MACD index was weak around the 0 axis, and the RSI index was weak around the 50 equilibrium line;
Multi empty turning point: 1543
Pressing: 1571, 1600
Support: 1507, 1475
Trading strategy: 1543 lower bearish, target 1507, 1475
Alternative strategy: bullish above 1543, target 1571, 1600
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