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Eth: strong long pull up
2022-08-09
1655
Fundamental analysis:
Ethereum maintains a shock around 1791. So far, the Ethereum network has destroyed 2575396.25 eth in total. Among them, 237799.62 eth were destroyed by ethtransfers, 230049.74 eth were destroyed by opensea, and 135751.69 eth were destroyed by uniswapv2.
Ethereum ethusd - 4-hour K-line diagram shows:
Technical analysis:
According to the 4-hour chart, the strong vibration of the bulls will pull the Bulls upward, and the short-term bulls upward trend may continue. The MACD indicator is in the Bulls area to maintain the upward consolidation, and the RSI indicator is in the narrow consolidation of the Bulls area;
Long and short turning point: 1775
Pressing position: 1818, 1847
Support position: 1742, 1710
Trading strategy: bullish above 1775, targets 1818 and 1847
Alternative strategy: 1775 down bearish, target 1742, 1710
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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