Eth: high level sorting up

Fundamental analysis:

Ethereum maintains a shock around 1895. Eth mining is popular because of its profitability, and switching to mining other cryptocurrencies may mean a short-term impact on profits. In addition, the sudden influx of another token from a large mining pool may squeeze the profits of existing enterprises. Etc miners may be one of the main beneficiaries of this transformation, because the second-hand mining equipment provided by eth miners who decide to become eth 2.0 verifiers may surge.

Ethereum ethusd - 4-hour K-line diagram shows:

Technical analysis:

According to the 4-hour chart, bulls continue to pull up, short-term or entangled high-level consolidation, market bullish sentiment begins to pour in, MACD index is slowly rising in the Bulls area, and RSI index is in the narrow range consolidation in the Bulls area;

Long and short turning point: 1874

Pressing position: 1930, 1964

Support position: 1828, 1786

Trading strategy: bullish above 1874, target 1930 and 1964

Alternative strategy: 1874 down bearish, target 1828, 1786