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Ethereum: strong rise
2022-07-15
1546
Fundamental analysis:
Ethereum maintained a shock around 1187, and the shadow fork 9 of Ethereum's ninth main network has been online. Within a few hours after the shadow fork occurred, no major faults were reported. Unlike the complete test network merge hard fork (such as sepolia hard fork), shadow fork is a smaller test fork, focusing on oneortwo small-scale changes needed when Ethereum merger finally occurs.
Ethereum ethusd - 4-hour K-line diagram display:
Technical analysis:
According to the 4-hour chart, the low-level Bull Power rose strongly, and there was no stop in the short term. The high level in the early stage was close at hand. The MACD index Bull Power maintained a concussion and rose to the upper side of the 0 axis, and the RSI index was in the 50 equilibrium Online side;
Long short turning point: 1174
Pressing position: 1212, 1239
Support position: 1149, 1124
Trading strategy: bullish above 1174, goals 1212, 1239
Alternative strategy: bearish below 1174, goals 1149, 1124
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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