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ETH: high order
2022-12-02
1226
Fundamental analysis:
Ethereum maintains a shock around 1268. David Gokhshtein, founder of Gokhshtein Media, said that he will choose ETH instead of BTC at present, and there is no other reason than purely based on returns. Looking at the 7-day returns of Bitcoin and Ethereum, it can be seen that ETH is doing well in this regard
Ethereum ETHUSD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the high-level short momentum slowly fluctuates and retreats, the market’s short sentiment begins to slowly enter the market, the MACD indicator is in the long-term area, and the RSI indicator is in the long-term area and hovers weakly;
Long-short turning point: 1276
Suppression: 1290, 1306
Support: 1251, 1238
Trading strategy: bearish below 1276, target 1251, 1238
Alternative strategy: call above 1276, target 1290, 1306
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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