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ETH: oscillating up

2023-05-03
860
Fundamental analysis:

Ethereum remained volatile around 1865, and Coinbase executives earned an extra $1.09 billion for failing to disclose negative information about the company before its listing in April 2021. Coinbase has denied the claims, calling the actions "reckless" and "baseless."

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



Brief technical analysis:

Looking at the 4-hour chart: the low-level bullish dynamics are oscillating slowly upwards, the market’s bullish sentiment has begun to emerge, and there are signs of continued upward movement in the short term. The MACD indicator is finishing at the lower side of the 0 axis, and the RSI indicator is hovering weakly near the 50 balance line;

Resistance level: 1890 1919

Support level: 1826 1804

Trading strategy: Bullish above 1850, target 1890 1919
Alternative strategy: bearish below 1850, target 1826 1804

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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