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ETH: within a narrow range

2023-05-26
824
Fundamental analysis:

Ethereum maintains a shock around 1805. The cross-chain infrastructure Wanchain’s domain name service WanchainWeb3Domains is integrated with the Ethereum domain name service ENS, and will provide L2 and off-chain data support for ENS.

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



Brief technical analysis:

Looking at the 4-hour chart: the short momentum maintains a narrow shock and moves down, and the long momentum shows signs of slow upward movement, but the follow-up momentum is lacking. The MACD index is in the short area and maintains shocks, and the RSI index is hovering weakly near the 50 balance line;

Resistance level: 1830 1849

Support: 1780 1761

Trading strategy: bearish below 1812, target 1780 1761
Alternative strategy: call above 1812, target 1830 1849

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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