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Ethusd: the short-term decline has not stopped

2022-06-20
1561
Fundamental analysis:

Ethereum maintained a shock around 1074, and the price of bored ape Yacht Club NFT flooring rose to 86.8eth golden financial news, according to nftgo According to IO data, the price of bored ape Yacht Club Series NFT flooring rose to 86.8eth, with a total market value of $1.63 billion, ranking second in NFT projects. Its 24-hour trading volume was US $807000, with 6434 addresses.



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




Technical analysis:


According to the 4-hour chart, the bearish power continued to fluctuate downward in the lower rail section of the Bollinger belt index channel, and the amplitude space gradually narrowed. The Bollinger belt index showed a closing trend and was moving upward. MACD index was in the weak position in the short area, and RSI index was in the weak position in the short area;


Multi empty turning point: 1115


Pressing position: 1183, 1241


Support position: 1010, 955


Trading strategy: bearish below 1115, target 1010, 955


Alternative strategy: bullish above 1115, 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.

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