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Ethereum suffered capital outflow for the ninth consecutive week

2022-06-07
1377
Fundamental analysis:

Ethereum maintained a shock around 1852. According to the coinshares report, last week, the net inflow of digital asset investment products was $100million, and the net outflow of Ethereum investment products was $32million. It has suffered a capital outflow for the ninth consecutive week, and so far this year, it has outflow of more than $350million.


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




Technical comments: it has been maintained for a long time in the narrow range weak consolidation in the Bollinger belt index channel, the low-level bulls have moved up to the middle and upper rail for consolidation in a short time, the Bollinger belt index continues to close, the MACD index hovers below the 0 axis, and the RSI index is in the narrow range consolidation near the 50 equilibrium line;


Long short turning point: 1822


Pressing position: 1936, 2023


Support position: 1740, 1661


Trading strategy: bullish above 1822, target 1936, 2023


Alternative strategy: 1822 down bearish, target 1740, 1661


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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