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ETH: high volatility

2022-12-12
1141
Fundamental analysis:
Ethereum maintains a shock around 1263. Currently, the top 100 Ethereum holding addresses hold a total of 46.32 million ETH, accounting for 38.44% of the total Ethereum circulation. In the past 1 hour, a total of 4,577 ETHs have flowed into these addresses, worth about $5.836 million.

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



Brief technical analysis:
Looking at the 4-hour chart: high short-term shocks and retracements, the market’s short-term momentum has signs of waiting for opportunities to enter the market, the MACD indicator is hovering weakly above the 0 axis, and the RSI indicator is weakly finishing near the 50 balance line;
Long-short turning point: 1267
Repression: 1282, 1296
Support: 1249, 1235
Trading strategy: bearish below 1267, target 1249, 1235
Alternative strategy: call above 1267, target 1282, 1296

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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