ETH: within a narrow range

Ethereum remained volatile around 1864. During the TwitterSpaces event organized by ForesightNews and Web3Hub around the Hong Kong Encryption New Deal with the theme "June 1, Hong Kong's "Encryption New Era"", Fiona Fan, a founding member of Hong Kong's virtual asset rating agency HKVAC, said that the current HKVAC The necessary processes and governance structure are being established, and the index will be officially launched in the next two months, at which time relevant documents and index operation procedures will be launched.

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

Looking at the 4-hour chart: After the high short-term shock and retracement, it will be sorted out, and the short-term will maintain a narrow range of shocks and shifts. The short-term momentum of the market shows signs of weakening.

Resistance level: 1882 1899

Support level: 1850 1835

Trading strategy: bearish below 1868, target 1850 1835

Alternative strategy: call above 1868, target 1882 1899