Ethereum maintained the shock around 1505. Kathleen Breitman, CEO of Tezos, a blockchain company, said that with the increase of interest rates, the ongoing winter of cryptocurrencies "will only get worse".
Ethereum ETHUSD - 4-hour K line diagram shows:
The 4-hour chart shows that the momentum of high short positions has remained volatile and slowly declined. The short positions in the market have begun to emerge, and the short-term decline may continue. The MACD indicators are in the long positions and remain collated and moved downward, while the RSI indicators are in the weak positions below the 50 equilibrium line;
Empty turning point: 1519
Pressing: 1550, 1579
Support: 1475, 1444
Trading strategy: bearish under 1519, target 1475, 1444
Alternative strategy: bullish above 1519, target 1550, 1579