Eth: low short positions are down again

Fundamental analysis:

Ethereum maintained a shock around 1552. Looksrare, the NFT market, announced that in order to be consistent with the consensus of the Ethereum foundation and the wider Ethereum community, it decided not to support the possible bifurcation versions of the Ethereum blockchain (including POW bifurcation). Within a short time before the merger, looksrare will enter the maintenance mode. At the same time, any transaction will be suspended, thus eliminating the risk of order replay after the merger.

Ethereum ethusd - 4-hour K-line diagram shows:

Technical analysis:

According to the 4-hour chart, the short-term volatility moves upward, but the downward trend is good. The market short sentiment continues to ferment. The MACD index is at the lower side of the 0 axis, and the RSI index is at the lower side of the 50 equilibrium line;

Long and short turning point: 1562

Pressing position: 1600, 1638

Support position: 1508, 1466

Trading strategy: 1562 lower bearish, targets 1508 and 1466

Alternative strategy: bullish above 1562, targets 1600 and 1638