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ETH: low order

Fundamental analysis:

Ethereum remained oscillating around 1554. The Snapshot page showed that Lido’s proposal on upgrading the V2 version on Ethereum was voted through with 100% support. According to the proposal, the V2 version upgrade will include support for Ethereum withdrawals and a staking router.

Ethereum ETHUSD - 4-hour K-line chart shows:

Brief technical analysis:

The 4-hour chart shows: the short-term dynamics are weakly organized at a low level, hovering in a narrow range, the short-term or continuous short-term continues to decline, the MACD indicator is in the short-selling area to maintain consolidation, and the RSI indicator is weakly hovering below the 50 balance line;

Resistance: 1572 1583

Support level: 1541 1530

Trading strategy: bearish below 1561, target 1541 1530
Alternative strategy: call above 1561, target 1572 1583

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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