Ticketing platform TicketSocket partners with CoinPayments to accept cryptocurrency and NFTs for events

Fundamental analysis:

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Ethereum remains oscillating around 3145, and ticketing platform TicketSocket recently announced a partnership with cryptocurrency payment processor CoinPayments. The partnership will enable TicketSocket customers to accept cryptocurrencies, sell NFT tickets or NFTs for events and experiences in conjunction with TicketSocket’s NFT ticketing system. TicketSocket can now accept almost all cryptocurrencies available on major exchanges such as Coinbase, Gemini and Binance. To further empower their customers, TicketSocket enables merchants to specify which cryptocurrencies they will accept to participate in their events.

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Ethereum ETH/USDT - 4-hour candlestick chart shows:

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Technical Comments: The bullish momentum continues to fluctuate and rise, and in the short term, it maintains a narrow range in the upper rail range of the Bollinger Bands indicator channel. The long and short momentum is in a state of anxiety. The Bollinger Bands indicator is closing and shifting, and the MACD indicator is weak on the 0 axis In the lingering, the RSI indicator is in a narrow range on the side of the 50 equilibrium line;

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Long-short turning point: 3098

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Suppression position: 3222, 3290

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Support level: 3025, 2957

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Trading strategy: bullish above 3098, target 3222, 3290

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Alternative strategy: bearish below 3098, target 3025, 2957

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The above analysis is a personal opinion and is for reference only.