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ETH: oscillating up
2023-04-06
868
Fundamental analysis:
Ethereum maintains a shock around 1900, and the Aave community initiated a temperature check governance discussion on "promoting the migration of V2 to V3 on Ethereum". It was mentioned in the discussion that the main goals of the migration include: defining the asset inventory of V3, and related risk parameters; making the necessary inventory and risk settings on V3 to allow liquidity migration; measuring the impact and proposing new steps.
Ethereum ETHUSD - 4-hour K-line chart shows:
Brief technical analysis:
4-hour chart: high short-term fluctuations and rising, market bullish sentiment gradually emerging, moving upwards, MACD indicator is in the bullish zone and RSI indicator is hovering in the bullish zone;
Resistance level: 1920 1939
Support: 1867 1845
Trading strategy: bearish below 1888, target 1867 1845
Alternative strategy: call above 1888, target 1920 1939
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