Ethereum maintained the oscillation around 1564. The 12th shadow bifurcation of the Ethereum main network reached the total difficulty (TTD) of the terminal. All nethermind nodes passed the transition smoothly.
Ethereum ethusd - 4-hour K-line diagram shows:
According to the 4-hour chart, the power of the low-level bulls maintained a slow upward oscillation, and the short-term bulls continued to show a moving trend. The MACD index hovered at the lower side of the 0 axis, and the RSI index was in a narrow range near the 50 equilibrium line;
Long and short turning point: 1551
Pressing position: 1600, 1638
Support position: 1508, 1466
Trading strategy: bullish above 1551, target 1600, 1638
Alternative strategy: bearish below 1551, targets 1508 and 1466