Ethereum maintained a shock near 1120. According to DefiLlama data, the total locked position (TVL) of Solana chain fell to around $5. The current TVL is $507.7 million, with a 24-hour decline of 40.67%. The 24-hour liquidatable value decreased by 96.2%, and the current remaining liquidatable value is 2.3 million dollars.
Ethereum ETHUSD - 4-hour K line diagram shows:
The 4-hour chart shows that the momentum of short sellers has dropped rapidly, the short-term decline may continue, and the market short sellers are emerging constantly. The MACD indicator is in the low position of short sellers, and the RSI indicator is in the narrow range above the 15 equilibrium line of the oversold area;
Multi empty turning point: 1144
Pressing: 1189, 1228
Support: 1083, 1051
Trading strategy: 1144 lower bearish, target 1083, 1051
Alternative strategy: bullish above 1144, target 1189, 1228