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ETH: Bears move down

2022-12-16
1253
Fundamental analysis:
Ethereum maintains a shock around 1263. The Ethereum domain name service ENS DAO announced that three working groups have elected three new administrators, and the voting has now ended. Nick Johnson, simona.eth, and Katherine Wu will be responsible for meta-governance for the first two quarters of 2023.


Ethereum ETHUSD - 4-hour K-line chart shows:



Brief technical analysis:
Looking at the 4-hour chart: the high-level short-term momentum fluctuates downward, the short-term decline may continue, the overall short-term sentiment in the market emerges, the MACD indicator is in the bullish area and fluctuates downward, and the RSI indicator is hovering weakly below the 50 balance line;
Long-short turning point: 1268
Suppression: 1282, 1294
Support: 1250, 1236
Trading strategy: bearish below 1268, target 1250, 1236
Alternative strategy: call above 1268, target 1282, 1294

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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