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ETH: High adjustment
2023-04-18
998
Fundamental analysis:
Ethereum remained volatile around 2072. According to data from Ultrasound.money, the NFT market aggregator Blur’s destruction of Ethereum has reached 13,489.82 ETH, surpassing Uniswap V3 (Positions NFT) (13,465.43 ETH). Based on the current ETH price, Blur’s Ethereum burn volume exceeds $28 million.
Ethereum ETHUSD - 4-hour K-line chart shows:
Brief technical analysis:
The 4-hour chart: short-term adjustments began after the high volatility rose, and the market’s bullish momentum showed signs of weakening. The MACD indicator continued to fluctuate in the bullish zone and then slowly retreated from the high level, and the RSI indicator remained in the bullish zone.
Resistance: 2113 2145
Support level: 2028 1996
Trading strategy: Bullish above 2060, target 2113 2145
Alternative strategy: bearish below 2060, target 2028 1996
The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.
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