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ETH: Low position moves up rapidly
2022-10-24
1430
Fundamental analysis:
Ethereum maintained the shock near 1290, and the Frax Finance protocol for the algorithm stability currency has been launched on frxETH, which supports the casting and pledge/release functions. Up to now, more than 1655 frxETHs have been cast.
Ethereum ETHUSD - 4-hour K line diagram shows:
Technical analysis:
The 4-hour chart shows that the bearish power keeps fluctuating downward, and the low power quickly rises after a short-term sharp fall. The bull power is waiting for an opportunity to enter the field and rise. The MACD index hovers below the axis 0, and the RSI index hovers near the 50 equilibrium line;
Empty turning point: 1283
Pressing: 1306, 1318
Support: 1273, 1262
Trading strategy: bullish above 1283, target 1306, 1318
Alternative strategy: bearish under 1283, target 1273, 1262
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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