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ETH: Bulls pull up
2022-12-21
1159
Fundamental analysis:
Ethereum maintained a shock around 1208. The Web3 knowledge map protocol 0xscope tweeted that since December, the encryption exchange Bitfinex has transferred more than 600 million U.S. dollars of ETH to its hot wallet, and then distributed these ETH to more than 20 newly created address, the only transaction for these new addresses is received ETH.
Ethereum ETHUSD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the low-level bulls are driven by strong bulls, and the short-term bullish momentum may continue. The MACD indicator is in the short area and moves upward, and the RSI indicator is hovering below the 50 balance line;
Long and short turning point: 1200
Suppression: 1220, 1230
Support: 1189, 1178
Trading strategy: Bullish above 1200, target 1220, 1230
Alternative strategy: bearish below 1200, target 1189, 1178
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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