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Eth: high level continues to rise

Fundamental analysis:

Ethereum kept shaking around 1703. Vitalik buterin, the co-founder of Ethereum, published an article on his personal website to discuss whether the ENS domain name should introduce recurring fees based on demand. He believes that the ENS domain name is very cheap at present, which leads to the trade-off between the strength of property rights and fairness, and the highly speculative nature of the ENS secondary market can not ensure the effectiveness of the market.

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

Technical analysis:

According to the 4-hour chart, the low bulls continue to shake and rise, break through the high level in the early stage in the short term and finish up, the market is bullish, the MACD index is hovering on the upper side of the 0 axis, and the RSI index is in the weak side of the 50 equilibrium line;

Long and short turning point: 1694

Pressing position: 1731, 1755

Support position: 1669, 1643

Trading strategy: 1694 bullish, target 1731, 1755

Alternative strategy: 1694 bearish, targets 1669 and 1643

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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