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ETH: High move up
2023-04-05
854
Fundamental analysis:
Ethereum remained volatile around 1876, and the Brazilian investment bank BTG Pactual stated that it will launch a 1:1 stablecoin "BTG Dol" anchored to the US dollar. BTG Dol will be launched on Mynt, the bank's encrypted asset platform, and can be accessed through BTG Pactual's own investment system.
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 rise, the market is still bullish, short-term bulls continue to move upwards, the MACD indicator is in the bullish zone and is moving upwards, and the RSI indicator is hovering at a high level in the bullish zone;
Resistance level: 1899 1916
Support level: 1845 1826
Trading strategy: Bullish above 1865, target 1899 1916
Alternative strategy: bearish below 1865, target 1845 1826
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