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ETH: low volatility

Fundamental analysis:

Ethereum maintains a shock around 1418, and the total number of ETH 2.0 pledges has exceeded 17.5236 million, which is 17,523,586. According to the current market price, the value is about 24.738 billion US dollars. In addition, the total number of ETH 2.0 pledged addresses has exceeded 563,200, which is 563,229.

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

Brief technical analysis:

Looking at the 4-hour chart: the low volatility moves down, the short-term maintains a narrow range, the overall market fluctuates at a low level in the short term, the bearish downward trend is good, the MACD indicator is in the short zone, and the RSI indicator is hovering at a low level;

Resistance: 1452 1474

Support level: 1401 1383

Trading strategy: bearish below 1430, target 1401 1383
Alternative strategy: call above 1430, target 1452 1474

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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