ETH: bearish weak down
2022-10-20
1417
Fundamental analysis:
Ethereum maintained a shock near 1289. According to OpenSea data, DigiDaigaku # 1632-Ifrit was sold at a price of 200 ETH (about 260000 dollars). The NFT was last sold two months ago at a price of 25 ETH.
Ethereum ETHUSD - 4-hour K line diagram shows:
Technical analysis:
The 4-hour chart shows that the bearish power maintains a narrow range of consolidation and slowly declines, and the market bearish sentiment starts to wait for an opportunity to enter the market. The MACD indicator is at the lower side of the 0 axis and the RSI indicator is at the lower side of the 50 equilibrium line;
Empty turning point: 1293
Pressing: 1306, 1320
Support: 1277, 1265
Trading strategy: 1293 lower bearish, target 1277, 1265
Alternative strategy: bullish above 1293, target 1306, 1320
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