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ETH: low order

Fundamental analysis:

Ethereum remains volatile around 1624. Following the issuer pilot project, Visa expanded stablecoin settlement capabilities through Circle’s USDC, added pilot projects with merchant acquirers Worldpay and Nuvei, and leveraged the Solana blockchain .

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

Brief technical analysis:

Looking at the 4-hour chart: the short-term consolidation is maintained at a low level, the market's long and short forces are in an anxious state, and the short-term sentiment is still bearish. The MACD indicator is in the short area and maintains consolidation, and the RSI indicator is weakly hovering below the 50 equilibrium line;

Resistance: 1648 1662

Support level: 1606 1593

Trading strategy: bearish below 1629, target 1606 1593
Alternative strategy: call above 1629, target 1648 1662

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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