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ETH: Oscillating up

2023-04-02
892
Fundamental analysis:

Ethereum maintains a shock around 1817. Starting at 9:30 p.m. EST this Friday, over 5,000 DeGods NFTs have completed the migration from the Solana blockchain to Ethereum. According to related announcements, Dust Labs will undertake and pay All migration-related gas costs within 24 hours of starting the migration.

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



Brief technical analysis:

Looking at the 4-hour chart: After the high short-term consolidation, the shocks moved upwards, the market’s bullish sentiment began to emerge, and there were signs of continued pull-up in the short term. The MACD index was in the long-term area to maintain consolidation, and the RSI index was hovering above the 50 balance line;

Resistance level: 1845 1867

Support levels: 1785 1762

Trading strategy: Bullish above 1809, target 1845 1867
Alternative strategy: bearish below 1809, target 1785 1762

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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