Fundamental analysis:
Ethereum maintained a shock around 1574. According to the Wall Street Journal, although some of the largest banks on Wall Street have largely avoided direct investment in cryptocurrencies, some banks are integrating blockchain technology into their own trading and other businesses. It is reported that Goldman Sachs has traded some bonds and other debt securities for customers on Ethereum and other blockchain networks.
Ethereum ethusd - 4-hour K-line diagram shows:
Technical analysis:
According to the 4-hour chart, the short-term short-term narrow consolidation and translation of the short-term low are maintained by the short-term momentum, the market short-term sentiment is shrouded, and there is a downward trend of continued pullback in the short-term. The MACD indicator is in the low position of the short area and remains weak, and the RSI indicator is in the low position of the short area;
Long and short turning point: 1588
Pressing position: 1628, 1665
Support position: 1539, 1503
Trading strategy: bearish below 1588, targets 1539 and 1503
Alternative strategy: bullish above 1588, targets 1628 and 1665