ETH: Weak move up

Ethereum maintains a shock around 1812. The Ethereum Community Conference (EDCON) will be held in Podgorica, Montenegro from May 19 to 23, 2023. The speakers at this conference include Ethereum co-founder Vitalik Buterin, Ethereum Core Developer Tim Beiko, Ethereum Foundation Devcon team leader Skylar Weaver, and Ethereum Foundation researchers Vlad Zamfir, Piper Merriam, Andy Guzman, etc. EDCON is a non-profit annual global Ethereum conference, held in different countries/regions every year, dedicated to serving the Ethereum ecosystem by promoting communication and interaction among the global Ethereum community.

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

Looking at the 4-hour chart: short-term narrow-range weak consolidation, although the market bullish sentiment has emerged, but the follow-up momentum is lacking, the MACD indicator is weakly hovering below the 0 axis, and the RSI indicator is weakly consolidated near the 50 balance line;

Resistance level: 1823 1853

Support levels: 1782 1763

Trading strategy: Bullish above 1803, target 1823 1853

Alternative strategy: bearish below 1803, target 1782 1763