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ETH: Low bulls move up

2022-10-13
1395
Fundamental analysis:

Ethereum maintained a shock near 1293. According to Ethereum Fair data, the total number of Internet transactions has exceeded 10 million, reaching 10904695 at the time of writing. In addition, the number of Ethereum Fair outgoing blocks is 15626793, the average outgoing time is 12.7 seconds, and the current number of network wallet addresses is 2898856.



Ethereum ETHUSD - 4-hour K line diagram shows:




Technical analysis:


The 4-hour chart shows that the low bulls' power maintains a narrow range and slowly moves upward. The short-term bulls' sentiment starts to wait for the opportunity to enter the arena and slowly rises. The MACD indicator hovers at the weak side of the 0 axis, and the RSI indicator hovers at the narrow side of the 50 equilibrium line;


Empty turning point: 1289


Pressing: 1303, 1314


Support: 1279, 1268


Trading strategy: bullish above 1289, target 1303, 1314


Alternative strategy: bearish under 1289, target 1279, 1268

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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