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ETH: continues to move down
2023-04-25
961
Fundamental analysis:
Ethereum maintains a shock around 1834. According to the official announcement, Binance will change the name of ETH 2.0 Staking to ETH Staking, and introduce Wrapped Beacon ETH (WBETH) on the ETH Staking service, which will take effect from 16:00 on April 27, Beijing time.
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 bearish trend is in good shape, and there is no sign of the final stop, the MACD indicator is in the bearish zone and continues to decline, and the RSI indicator is in the bearish zone for consolidation;
Resistance level: 1871 1898
Support level: 1813 1792
Trading strategy: bearish below 1848, target 1813 1792
Alternative strategy: call above 1848, target 1871 1898
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