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ETH: high pull up
2022-12-09
1113
Fundamental analysis:
Ethereum remained oscillating around 1273. The cryptocurrency wallet MyEtherWallet (MEW) announced that its multi-chain wallet Enkrypt was integrated with the Ethereum domain name service ENS, allowing users to input ENS domain names into Enkrypt to send cryptocurrencies.
Ethereum ETHUSD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the bullish momentum maintains shocks and rises, short-term bullish sentiment emerges, the bulls in the market continue to climb, the MACD indicator is hovering around the 0 axis, and the RSI indicator is weakly finishing on the side of the 50 balance line;
Long-short turning point: 1267
Suppression: 1288, 1301
Support: 1252, 1238
Trading strategy: Bullish above 1267, target 1288, 1301
Alternative strategy: bearish below 1267, target 1252, 1238
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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