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ETH: low order

Fundamental analysis:

Ethereum remained oscillating around 1666. As the price of BNB further fell and hit $211.0, the loan health factor of the BNBBridge attacker’s account has dropped to 1, and may face liquidation again. At present, the address still holds 784,614.90 BNB debts.

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

Brief technical analysis:

4-hour chart view: short-term dynamics are weakly arranged at a low level, short-term or maintain a narrow range of shocks, the MACD indicator is in a low-level arrangement in the short-selling area, and the RSI indicator is at the bottom of the short-selling area, weakly hovering and oscillating slowly;

Resistance: 1694 1714

Support level: 1646 1624

Trading strategy: bearish below 1673, target 1646 1624
Alternative strategy: call above 1673, target 1694 1714

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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