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ETH: weak shock

2023-09-07
736
Fundamental analysis:

Ethereum remained oscillating around 1623. SolanaLabs announced on the The research center will set up new courses related to games on the Solana chain, and SolanaLabs plans to provide financial and technical support for student-led projects.

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



Brief technical analysis:

Looking at the 4-hour chart: the short-term trend remains low and weak, the market's long and short momentum is in a state of anxiety, and it has failed to find a new direction in the short term. The MACD indicator is in the short zone and maintains consolidation, and the RSI indicator is hovering weakly below the 50 equilibrium line;

Resistance: 1645 1662

Support level: 1606 1593

Trading strategy: Bearish below 1629, target 1606 1593
Alternative strategy: call above 1629, target 1645 1662

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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