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Eth: high and narrow finishing
2022-08-01
1561
Fundamental analysis:
Ethereum maintained a shock around 1718. Tron Dao reserve tweeted that it was considering accumulating Ethereum as one of the reserve currencies of usdd.
Ethereum ethusd - 4-hour K-line diagram display:
Technical analysis:
Looking at the 4-hour chart: the bull momentum maintained a shock rise, the high short-term consolidation and translation, the market bulls began to wander, the MACD index was in the high consolidation and translation of the bull region, and the RSI index was in the weak wandering of the bull region;
Long and short turning point: 1699
Pressing position: 1782, 1839
Support position: 1647, 1590
Trading strategy: bullish above 1699, targets 1782, 1839
Alternative strategy: bearish below 1699, target 1647, 1590
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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