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ETH: Consolidation moves down

2022-11-29
1301
Fundamental analysis:
Ethereum maintains fluctuations around 1164, and the number of merchants on the Digital RMB App (pilot version) that supports wallet fast payment has reached 100, covering e-commerce shopping, life services, transportation, travel, campus, movie ticket purchase, online video and other scenarios , among which there are relatively many merchants in transportation, e-commerce shopping, and life services.


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



Brief technical analysis:
Looking at the 4-hour chart: The short-term dynamics are slowly finishing down, and the market's short-term short-term sentiment is waiting for an opportunity to enter the market. The MACD indicator is weakly hovering around the 0 axis, and the RSI indicator is weakly finishing near the 50 balance line;
Long-short turning point: 1178
Suppression: 1200, 1222
Support: 1139, 1118
Trading strategy: bearish below 1178, target 1139, 1118
Alternative strategy: call above 1178, target 1200, 1222
   

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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