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ETH: high order

2023-05-31
810
Fundamental analysis:

Ethereum remained volatile around 1899. Web3Hub under the Rocket Gono International Accelerator announced a strategic cooperation with MetaEra. MetaEra, as a one-stop resource aggregator based in Hong Kong, became Web3Hub’s first official media agency for cooperation, and will launch in Hong Kong Enterprises provide services such as all-media publicity, resource integration, event landing support, and important information delivery, aiming to jointly build a Web3.0 ecosystem in Hong Kong.
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Ethereum ETHUSD - 4-hour K-line chart shows:



Brief technical analysis:

4-hour chart: high short-term narrow-range consolidation, the market is still bullish, and there are signs of continued upward movement in the short term, the MACD indicator is in the high level of the long zone, and the RSI indicator is in the high level of the long zone;

Resistance level: 1913 1927

Support: 1875 1861

Trading strategy: Bullish above 1890, target 1913 1927
Alternative strategy: bearish below 1890, target 1875 1861

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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