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ETH: high volatility
2023-01-27
1111
Fundamental analysis:
Ethereum maintained a shock around 1597, and the Ethereum pledge infrastructure ssv.network published a document announcing its latest node version Shifu V2. It is reported that the upgraded SSV node can allow operators to assume all responsibilities on the Beacon Chain, officially allowing ssv.network nodes to participate in all responsibilities used in the Ethereum consensus.
Ethereum ETHUSD - 4-hour K-line chart shows:
Brief technical analysis:
The 4-hour chart: high short-term volatility, the market as a whole is in a high-level and wide-range volatility trend, there is no final direction guidance in the short term, but it is still in a high-level consolidation, the MACD indicator is hovering weakly above the 0 axis, and the RSI indicator is near the 50 balance line weak finishing;
Long and short turning point: 1585
Repression: 1624, 1649
Support: 1562, 1536
Trading strategy: Bullish above 1585, target 1624, 1649
Alternative strategy: bearish below 1585, target 1562, 1536
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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