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ETH: bulls move up
2023-02-08
1178
Fundamental analysis:
Ethereum maintains a shock around 1666. According to a proposal passed by the Aave community, Lido will distribute LDO rewards in Aave V3, Ethereum, Arbitrum and Optimism liquidity pools. The Lido Liquidity Mining Committee (LMC) decides on the release rate and duration of LDO rewards.
Ethereum ETHUSD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: The bullish momentum remains volatile and rising, and the short-term highs show signs of continuing to move upwards. The MACD indicator is hovering weakly above the 0-axis, and the RSI indicator is weakly finishing above the 50 balance line;
Long and short turning point: 1660
Repression: 1676, 1688
Support: 1649, 1637
Trading strategy: Bullish above 1660, target 1676, 1688
Alternative strategy: bearish below 1660, target 1649, 1637
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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