$ETH ETH market analysis and guidance suggestions
Yesterday, the price of Ethereum reached a high near 1910 and a low near 1837. It failed to break through the 1930 resistance for several consecutive days, causing it to start to fall back in the evening. The price fell directly below the 1860 support level, but started to rebound after touching the downward trend line. The price is currently back above 1860 and may continue to fluctuate and rise in the short term.
The daily line formed a negative line, the 1-hour MACD lost bearish momentum, and the RSI was above 50. The Bollinger Bands are parallel, and the price is suppressed by 1940. The 4-hour Bollinger Bands converged, supporting 1850. MACD shows moderate volume.
Support:1840
Resistance: 1900
Operation suggestions:
If 1845 is not broken, you can go long with a light position, targeting 1880-1910.
If the upward attack of 1940 is not broken, you can short the position and target 1910-1890.
