CM Trade

Download APP to receive bonus

GET

Ethereum: low shock

2022-06-21
1503
Fundamental analysis:

Ethereum remained volatile around 1089. According to the coinshares report, last week, the net outflow of digital asset investment products was $39million, including the inflow of bitcoin investment products of $28.2 million and the net outflow of Ethereum investment products of $69.9 million. Ethereum investment products experienced capital outflow for 11 consecutive weeks.



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




Technical analysis:


According to the 4-hour chart: it has been maintained in the middle and lower track of the Bollinger belt index channel for a long time, with narrow weak consolidation and translation. The short-term short power continues to move downward. The Bollinger belt index continues to show a closing trend. The MACD index is at the low end of the short area, maintaining a weak upward movement, and the RSI index is at the lower side of the 50 equilibrium line;


Long short turning point: 1116


Pressing position: 1183, 1241


Support position: 1010, 955


Trading strategy: down 1116, target 1010, 955


Alternative strategy: bullish above 1116, target 1183, 1241

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.

Free Access
Daily Trading Strategy
Download Now

CM Trade Mobile Application

Economics Calendar

More