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Ethereum lost more addresses than ever before

2022-06-13
1127
Fundamental analysis:

Ethereum maintained a shock around 1672. According to glassnode data, the number of loss making addresses (MA on the 7th) of Ethereum reached 36321323.268, a record high.


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




Technical comments: the narrow weak consolidation in the Bollinger belt index channel has been maintained for a long time and moved down slowly. After all, it broke the track and went down to the node near 1652. The short-term short power has continued to move down. The Bollinger belt index is in an open trend. The MACD index is in a weak position under the axis 0, and the RSI index is in a shock position under the 50 equilibrium line;


Multi empty turning point: 1706


Pressing position: 1777, 1856


Support position: 1597, 1527


Trading strategy: bearish below 1706, target 1597, 1527


Alternative strategy: bullish above 1706, target 1777, 1856


The above analysis is a personal point of view and is for reference only.

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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