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ETH: High move up

Fundamental analysis:

Ethereum remained oscillating around 1701. Xu Mingxing said in reply to Twitter users that OKB Chain is more focused on providing business solutions for enterprises, and OKB is a multi-chain token. It is not only the Gas token of OKB Chain, but also Will be issued on Ethereum and OKX Chain (OKC).

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

Brief technical analysis:

Looking at the 4-hour chart: the momentum of high-level bulls continues to move upward, short-term bullish sentiment emerges, market bulls continue to rise, the MACD indicator is in the bullish zone to maintain consolidation, and the RSI indicator is in the bullish zone and slowly rises;

Long-short turning point: 1691

Repression: 1716, 1732
Support: 1674, 1658

Trading strategy: Bullish above 1691, target 1716, 1732
Alternative strategy: bearish below 1691, target 1674, 1658

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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