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ETH: oscillating up
2023-05-05
867
Fundamental analysis:
Ethereum maintained a shock around 1873, and the White House announced its first move to curb the risk of artificial intelligence. The National Science Foundation plans to allocate $140 million for a new artificial intelligence research center, White House officials said. The administration also committed to releasing draft guidelines for government agencies to ensure the use of artificial intelligence protects the rights and safety of the American people.
Ethereum ETHUSD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: The bullish momentum maintains an upward trend and the trend continues to move upwards. The short-term bullish sentiment remains, and the market as a whole is in a bullish trend. The MACD indicator is weakly finishing on the upper side of the 0 axis, and the RSI indicator is hovering weakly near the 50 balance line;
Resistance level: 1900 1930
Support level: 1829 1804
Trading strategy: Bullish above 1856, target 1900 1930
Alternative strategy: bearish below 1856, target 1829 1804
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