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ETH: high up
2023-01-13
1161
Fundamental analysis:
Ethereum remained volatile around 1422. Canadian listed company Ether Capital announced an additional 7,488 ETH (approximately US$13.4 million) for Ethereum pledge. The total pledge has reached 28,000 ETH, accounting for 62% of its ETH portfolio.
Ethereum ETHUSD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the bullish momentum remains volatile and rising, short-term bullish sentiment emerges, the market bulls continue to climb, the MACD indicator is at a high level in the bullish zone, and the RSI indicator is hovering near the 80 balance line in the overbought zone;
Long and short turning point: 1415
Repression: 1438, 1453
Support: 1399, 1382
Trading strategy: Bullish above 1415, target 1438, 1453
Alternative strategy: bearish below 1415, target 1399, 1382
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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