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ETH: high order

2023-01-25
498
Fundamental analysis:

Ethereum maintains a shock around 1612. Data researcher J.Hackworth released a Dune dashboard to analyze the indicators that promote the development of Ethereum, Arbitrum and Optimism, including the comparison between Layer 2 and Ethereum, wallets, participation and promotion growth agreement, etc.

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



Brief technical analysis:

Looking at the 4-hour chart: the market is entangled in a high and weak order, and the short-term bullish sentiment has begun to show signs of weakening, but it is still hovering at a high level. The MACD indicator is in a high position in the bull area, and the RSI index is in the bull area. After a slow retracement, it hovers;

Long-short turning point: 1602

Repression: 1636, 1657
Support: 1580, 1556

Trading strategy: Bullish above 1602, target 1636, 1657
Alternative strategy: bearish below 1602, target 1580, 1556

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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