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ETH: high down

2023-04-09
1062
Fundamental analysis:

Ethereum remained volatile around 1849. MetaSleuth tweeted that the SushiSwap RouteProcessor2 contract attack caused 0xsifu (sifuvision.eth) to lose 1800 ETH. The first attacker (0x9deff) has returned 90 ETH (stolen 100 ETH). BlockSec helped save 100 ETH, to be returned soon. In addition, sifuvision.eth is negotiating with c0ffeebabe.eth. Most of the stolen funds went to beaverbuild, rsync-builder and Lido:Execution Layer Rewards Vault.

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



Brief technical analysis:

Looking at the 4-hour chart: the high-level short momentum is slowly descending, the market's short-term sentiment continues, and there will be a downward trend in the short term. The MACD indicator is in the bullish area and continues to fluctuate downwards, and the RSI indicator is hovering weakly near the 50 balance line;

Resistance level: 1876 1895

Support level: 1832 1815

Trading strategy: bearish below 1857, target 1832 1815
Alternative strategy: call above 1857, target 1876 1895

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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