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ETH: low order

2023-05-10
525
Fundamental analysis:

Ethereum remained volatile around 1844, as EU member states, Norway, Liechtenstein and the European Commission launched a publicly accessible blockchain. The regulated and permissioned blockchain is managed by the European Blockchain Services Infrastructure (EBSI). As of last year, it had 45 nodes in 23 countries, according to European Commission (EC) administrator Pierre Marro.

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



Brief technical analysis:

Looking at the 4-hour chart: the momentum of the bears remains weak and low, the momentum of the bulls and bears weakens, and there are signs of continued flattening in the short term.

Resistance level: 1875 1903

Support level: 1810 1787

Trading strategy: Bullish above 1837, target 1875 1903
Alternative strategy: bearish below 1837, target 1810 1787

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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