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Ethereum: high short shocks down

2022-07-26
1480
Fundamental analysis:

Ethereum maintained a shock around 1483. The G20 plans to put the encryption tax framework on the agenda in October this year. At present, a global regulatory framework has been approved by the OECD technical working group. It is expected that the G20 countries will reach the standard of Taxation on encryption assets by 2023.



Ethereum ethusd - 4-hour K-line diagram display:




Technical analysis:


According to the 4-hour chart: in the short term, it is at a high and narrow range, the short momentum is waiting for the opportunity to enter, the shock is slowly going down, the MACD index is in the long region, maintaining a weak downward shift, and the RSI index is in the narrow range consolidation near the 50 equilibrium line;


Long short turning point: 1507


Pressing position: 1551, 1593


Support position: 1447, 1408


Trading strategy: bearish below 1507, target 1447, 1408


Alternative strategy: bullish above 1507, target 1551, 1593


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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