ETH: low order
Ethereum remains volatile around 1624. Following the Crypto.com 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
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