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ETH: high order

2023-03-30
1010
Fundamental analysis:

Ethereum remained volatile around 1798. According to the stablecoin report released by CryptoCompare, as of March 20, 2023, the total market value of stablecoins fell by 1.34% to US$133 billion, the lowest since September 2021, and the 12th consecutive month fell.

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



Brief technical analysis:

The 4-hour chart: short-term high-level short-term consolidation, the market’s long-term momentum has weakened slightly, but it is still in a high-level narrow range, the MACD indicator is in the long-term area and slowly rising, and the RSI indicator is in the 50 balance line.

Resistance level: 1832 1867

Support level: 1742 1708

Trading strategy: Bullish above 1778, target 1832 1867
Alternative strategy: bearish below 1778, target 1742 1708

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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