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ETH: Bulls pull up
2023-02-16
1052
Fundamental analysis:
Ethereum maintained a shock around 1688. Hub71 in the Abu Dhabi technology ecosystem announced the launch of the "Hub71+ Digital Assets" plan. The ecosystem has more than 2 billion US dollars in funds and is committed to providing funding for local Web3 start-ups and blockchain technology companies. Will help project financing, commercialize innovations, and reach corporate clients, governments and investment partners in the UAE and global markets.
Ethereum ETHUSD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the bullish momentum continues to rise, the market is shrouded in bullish sentiment, and there is a trend of continuing to rise in the short term. The MACD index maintains shocks and moves to the upper side of the 0 axis, and the RSI indicator is in the bullish area and continues to rise;
Long-short turning point: 1647
Repression: 1675, 1693
Support: 1633, 1616
Trading strategy: Bullish above 1647, target 1675, 1693
Alternative strategy: bearish below 1647, target 1633, 1616
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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