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ETH: Bears plunge
2022-12-19
1299
Fundamental analysis:
Ethereum maintains a shock around 1197, and Aavegotchi will launch verified physical prints of NFT art on the chain, allowing holders to obtain a limited number of physical prints, which are directly linked to the FAKE Gotchi NFT series. Each purchase comes with a print and a SoulPrint card for verification of the work.
Ethereum ETHUSD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the short-term momentum has fallen sharply, and the short-term decline may continue. The overall short position in the market is good. The MACD indicator is in the short area and maintains a slow decline, and the RSI indicator is in the short area.
Long-short turning point: 1204
Suppression: 1219, 1232
Support: 1184, 1172
Trading strategy: bearish below 1204, target 1184, 1172
Alternative strategy: call above 1204, target 1219, 1232
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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