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ETH: low order

2023-05-23
802
Fundamental analysis:

Ethereum maintains a shock around 1813. Vitalik Buterin, the co-founder of Ethereum, expressed concerns about the excessive complexity of the Ethereum consensus mechanism beyond its original design, especially in terms of re-signing, which is a mechanism being developed by companies such as EigenLayer. It expands the responsibilities of Ethereum validators to include securing external chains.

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



Brief technical analysis:

Looking at the 4-hour chart: In the short term, the low-level weak order is maintained and the market has not yet stepped out of the low-level range. The MACD indicator is hovering around the 0 axis, and the RSI indicator is in a weak order near the 50 balance line;

Resistance level: 1833 1853

Support levels: 1782 1763

Trading strategy: Bullish above 1803, target 833 1853
Alternative strategy: bearish below 1803, target 1782 1763

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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