Ethereum maintains the shock near 1569. Neon Labs plans to release its main network, namely Ethereum virtual machine, on Solana on December 12. The solution will allow developers to port Ethereum based applications on Solana.
Ethereum ETHUSD - 4-hour K line diagram shows:
The 4-hour chart shows that the high level fluctuates in a narrow range, the market may maintain a narrow range for a short time, short sellers have signs of waiting for opportunities to enter the market, the MACD index hovers on the top of the 0 axis, and the RSI index is arranged near the 50 equilibrium line;
Empty turning point: 1583
Pressing: 1610, 1635
Support: 1545, 1521
Trading strategy: 1583 downside bearish, target 1545, 1521
Alternative strategy: bullish above 1583, target 1610, 1635