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Ethereum: bulls are climbing strongly
2022-07-18
1603
Fundamental analysis:
Ethereum maintained a shock around 1249. The Bank of communications and Shentong Metro Group announced that citizens who use the latest version of Metro metropolis app to take the subway or maglev in Shanghai can use digital RMB to pay.
Ethereum ethusd - 4-hour K-line diagram display:
Technical analysis:
According to the 4-hour chart, the Bull Power fluctuated strongly and rose, and there was a trend of continuous upward movement in the short term. The front high was close at hand, and the break was imminent. The MACD index was above the 0 axis, and the bull region moved upward, and the RSI index was in the continuous rise of the bull region;
Long short turning point: 1237
Pressing position: 1270, 1291
Support position: 1216, 1194
Trading strategy: bullish above 1237, target 1270, 1291
Alternative strategy: down at 1237, target 1216, 1194
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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