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ETH: high order
2023-03-29
974
Fundamental analysis:
Ethereum maintains a shock around 1769. Teddy Woodward, CEO of Notional, a fixed-rate lending agreement, announced that the V3 version of the protocol is scheduled to launch on the Ethereum mainnet in early June, introducing major money markets, multi-currency leveraged vaults, upgrading the fixed-rate AMM curve, and increasing integration flexibility.
Ethereum ETHUSD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: In the short term, the high-level range is maintained, and the market bulls are slowly rising again. Although there is a downside potential, they have not been able to effectively break through after all. The MACD indicator is hovering below the 0 axis, and the RSI indicator is at the 50 balance line.
Resistance level: 1796 1832
Support level: 1717 1682
Trading strategy: Bullish above 1751, target 1796 1832
Alternative strategy: bearish below 1751, target 1717 1682
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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