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ETH: high order

2022-12-05
1306
Fundamental analysis:
Ethereum maintains a shock around 1281. Ethereum founder Vitalik Buterin believes that now is not the best time to launch an encrypted ETF. In response to the US Securities and Exchange Commission's delay in approving a spot trading Bitcoin ETF, Buterin commented that this is not the end of the world, and that there may be unseen benefits without such a product. I don't think we should be chasing big institutional capital enthusiastically.



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



Brief technical analysis:
Looking at the 4-hour chart: the high level fluctuates within a narrow range, the market as a whole is hovering at a high level, in the short term or entangled with finishing around this level, the MACD indicator is in the long-term zone, and the RSI indicator is in the long-term zone;
Long-short turning point: 1288
Repression: 1302, 1313
Support: 1267, 1251
Trading strategy: bearish below 1288, target 1267, 1251
Alternative strategy: call above 1288, target 1302, 1313

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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