Fundamental analysis:
Ethereum maintained a shock around 1622. Messetari analyst Dunleavy tweeted that the trading volume and users on the etc chain have basically not changed over the years, and the application does not exist. From the basic indicators, there is no change in this chain, and there is no meaningful change in developer activities. 97% of GPU mining revenue comes from Eth and 2% from etc. The daily RWD of etc is about 700000, while eth is 24million.
Ethereum ethusd - 4-hour K-line diagram display:
Technical analysis:
Looking at the 4-hour chart: the power of high short positions began to decline weakly, the downward trend of short positions in the short term may continue, and the weak short positions in the market began to appear. The MACD index maintained consolidation in the long position and slowly moved down, and the RSI index maintained consolidation in the long position and moved down to the 50 equilibrium line;
Long short turning point: 1639
Pressing position: 1683, 1728
Support position: 1571, 1533
Trading strategy: 1639 down, targets 1571, 1533
Alternative strategy: 1639 upside bullish, targets 1683, 1728