CM Trade

Download APP to receive bonus

GET

ETH: high down

2023-04-21
1027
Fundamental analysis:

Ethereum remained volatile around 1932, and the cryptocurrency tax company Node40 announced that it had received a $4 million investment from Card1Ventures. This strategic investment aims to advance the growth of Node40, enhance its product offering, and further expand its presence in the fast-growing blockchain industry.

Ethereum ETHUSD - 4-hour K-line chart shows:



Brief technical analysis:

Looking at the 4-hour chart: After the high-level short-term dynamics fluctuated and moved down, the short-term short-term dynamics continued to move downward. The MACD indicator was in the short-term area and continued to decline, and the RSI indicator was in the short-term area for weak consolidation;

Resistance level: 1975 2001

Support level: 1906 1877

Trading strategy: bearish below 1944, target 1906 1877
Alternative strategy: bullish above 1944, target 1975 2001

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.

Free Access
Daily Trading Strategy
Download Now

CM Trade Mobile Application

Economics Calendar

More