ETH: narrow amplitude oscillation
Ethereum maintained the shock near 1217. According to the slow fog monitoring, the founder of Ethereum Vitalik Buterin's address (beginning with 0xe692) recently converted 3000 Ethereum (about 4 million dollars) into USDC in three transactions on Uniswap V3.
Ethereum ETHUSD - 4-hour K line diagram shows:
The 4-hour chart shows that the short-term narrow range shock is slowly declining, the short position sentiment of the market continues, and the short-term decline may continue. The MACD indicator is in the short position area, and the RSI indicator is hovering below the 50 equilibrium line;
Empty turning point: 1238
Pressing: 1278, 1315
Support: 1184, 1147
Trading strategy: bearish under 1238, target 1184, 1147
Alternative strategy: bullish above 1238, target 1278, 1315
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