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ETH: high volatility
2023-01-10
1278
Fundamental analysis:
Ethereum maintains a shock around 1321. LongHashX, the start-up accelerator department of LongHash Ventures, a cryptocurrency venture capital institution, has launched a new plan, LongHash Web, to reward contributors on the chain. The plan uses soul-bound tokens (SBT) or digital identities tokens to provide rewards. SBT represents a person's professional reputation and achievements on the chain.
Ethereum ETHUSD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: The bullish momentum fluctuates and rises at a high level, and is in a short-term consolidation trend. The market is still in a bullish mood. The MACD indicator is in a high-level consolidation in the bullish area, and the RSI indicator is in a high-level consolidation;
Long-short turning point: 1314
Repression: 1333, 1344
Support: 1301, 1291
Trading strategy: Bullish above 1314, target 1333, 1344
Alternative strategy: bearish below 1314, target 1301, 1291
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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