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ETH: high volatility
2023-03-21
968
Fundamental analysis:
Ethereum maintains a shock around 1756, OKT Chain is a Layer 1 blockchain, and will soon release OKTC WASM, which supports Rust or C++ language development of DApps. The OKB Chain is positioned as an Ethereum Layer 2 blockchain, which will start with sidechain technology and will develop towards ZK technology in the future.
Ethereum ETHUSD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the bullish momentum maintains shocks and rises, and the short-term highs encounter resistance and shocks, but the upward trend of the bulls is good, the MACD indicator is at a high level in the bullish area, and the RSI indicator is hovering weakly on the side of the 50 balance line;
Resistance level: 1781 1807
Support level: 1719 1697
Trading strategy: bearish below 1745, target 1719 1697
Alternative strategy: call above 1745, target 1781 1807
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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