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ETH: Bears move down
2023-04-23
1003
Fundamental analysis:
Ethereum maintained a shock around 1873, and Satoshi Action Fund founder Dennis Porter said on social media that Bitcoin is one of the most powerful tools we have to overcome some of the most difficult challenges in the world.
Ethereum ETHUSD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the market is shrouded in bearish sentiment, the short-term decline may continue, the market as a whole is in a bearish trend, the MACD indicator is in the bearish area and moves down, and the RSI indicator is in the bearish area and continues to decline;
Resistance level: 1916 1942
Support level: 1849 1827
Trading strategy: bearish below 1887, target 1849 1827
Alternative strategy: call above 1887, target 1916 1942
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