Ethereum maintained the shock near 1318, and NFT may be the biggest driving force for the adoption of cryptocurrency in Central Asia, South Asia and Oceania (CSAO). According to the report of Chainalysis, NFT related actions will account for 58% of all network traffic of cryptocurrency services in these regions in the second quarter of 2022.
Ethereum ETHUSD - 4-hour K line diagram shows:
The 4-hour chart shows that low short positions fluctuate for a short time, and the market shows signs of slow upward movement, but the overall market is still in a weak position. MACD indicators remain hovering in short positions, and RSI indicators are arranged below the 50 equilibrium line;
Empty turning point: 1309
Pressing position: 1355, 1385
Support position: 1275, 1244
Trading strategy: bullish above 1309, target 1355, 1385
Alternative strategy: 1309 lower bearish, target 1275, 1244