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ETH: high up
2022-12-14
1101
Fundamental analysis:
Ethereum remained volatile around 1313. Bank of England Governor Bailey: FTX is a big problem for the United States. Crypto assets have no intrinsic value, and cryptocurrency investors should be prepared to lose money. We cannot expect non-banks to be able to get support from the Bank of England through the banking sector.
Ethereum ETHUSD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the bullish momentum is strong and rising, the short-term bullish sentiment is shrouded, the bulls in the market continue to rise and then sort out, the MACD indicator is hovering on the upper side of the 0 axis, and the RSI indicator is in the bullish area to maintain consolidation;
Long-short turning point: 1309
Repression: 1326, 1338
Support: 1296, 1284
Trading strategy: Bullish above 1309, target 1326, 1338
Alternative strategy: bearish below 1309, target 1296, 1284
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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