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ETH: High move up

Fundamental analysis:

Ethereum remained volatile around 1731, and the total number of ETH 2.0 pledges has exceeded 17.6332 million, which is 17,633,162. According to the current market price, the value is about 30.356 billion US dollars. In addition, the total number of ETH 2.0 pledged addresses has exceeded 567,400, which is 567,357.

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

Brief technical analysis:

Looking at the 4-hour chart: the bulls’ dynamics are moving up with high volatility, the market’s bullish sentiment continues, and the bulls continue to pull up. The MACD indicator is in the bullish zone, and the RSI indicator is hovering above the 50 balance line;

Resistance level: 1751 1772

Support: 1697 1675

Trading strategy: Bullish above 1718, target 1751 1772
Alternative strategy: bearish below 1718, target 1697 1675

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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