2023.5.26 ETH Market Analysis

Market news1. South Korea has passed a bill requiring legislators and other government officials to declare their holdings of digital assets

Market news

1. South Korea has passed a bill requiring legislators and other government officials to declare their holdings of digital assets.

2. Credit rating agency Moody's stated that June 15th is crucial for the AA rating of the United States.

3. Florida Governor Ron DeSantis stated that people should be able to use Bitcoin.

4. According to insiders, US President Biden and House Speaker McCarthy are close to reaching an agreement on the US debt ceiling.

5. CCTV has taken down relevant videos from the Hong Kong Securities Regulatory Commission announcing the implementation of a mandatory licensing system for virtual asset trading platforms starting from June 1st.

ETH market

ETH showed an overall upward trend of volatility yesterday, with the market reaching a peak of 1818 in the early morning and falling under pressure, entering a period of volatility. Currently, the currency price is operating around 1814, and the short-term market at the four hour level has stopped falling and rebounded. The K-line has continued to rise, but the long trend has not been continued. The short position of Macd has gradually reduced and the double-line bond has fluctuated,

Support position: 17501780 Pressure position: 18201850

Reference operation: When the market is hindered from rising and falling, first pay attention to the support of the MA7 moving average below. If it breaks the limit, it will explore the vicinity of the previous low again. The overall trend is weak, and the upward resistance is strong. The idea of breaking the limit downward remains unchanged. Currently, the overall trend is still fluctuating within the range. It is recommended to rebound high and short, with the main low being supplemented by the main low. The upward pressure is 1820-1850, and the downward support is 1780-1750#ETH # # Ethereum ETH # # Real time analysis of Ethereum#

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