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ETH: high down

2023-01-31
1091
Fundamental analysis:

Ethereum maintains a shock around 1552. Data shows that the total number of ETH 2.0 pledges has exceeded 16.3278 million, which is 16,327,831. According to the current market price, the value is about 26.010 billion US dollars. In addition, the total number of ETH 2.0 pledged addresses has exceeded 522,200, which is 522,162.

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



Brief technical analysis:

Looking at the 4-hour chart: The high-level short momentum maintains shocks and retreats, the market is shrouded in short-term sentiment, the short-term decline may continue, the MACD indicator is hovering weakly near the 0 axis, and the RSI indicator is weakly finishing below the 50 balance line;

Long-short turning point: 1562

Repression: 1581, 1599
Support: 1533, 1514

Trading strategy: bearish below 1562, target 1533, 1514
Alternative strategy: call above 1562, target 1581, 1599

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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