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Ethereum: the high level continues to rise

2022-07-28
1544
Fundamental analysis:

Ethereum remained volatile around 1596. Even if the sell-off in the digital asset market intensified, CME's encrypted derivatives also recorded a record position and higher than average daily trading volume in the second quarter.




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




Technical analysis:


According to the 4-hour chart, the bull power maintains the upward trend, the early high is close at hand, and the break is imminent, the MACD index is near the 0 axis, the weak hovers and moves up, and the RSI index is at 50 balanced online side narrow consolidation;


Long short turning point: 1573


Pressing position: 1643, 1685


Support position: 1532, 1493


Trading strategy: 1573 is bullish, with targets of 1643 and 1685


Alternative strategy: 1573 bearish below, goals 1532, 1493


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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