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ETH: high volatility
2023-03-24
966
Fundamental analysis:
Ethereum maintains a shock around 1813. Ethereum infrastructure provider DRPC has launched a decentralized RPC network for Ethereum-based applications to improve the security, cost-effectiveness and reliability of decentralized applications in the crypto space.
Ethereum ETHUSD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the bullish momentum fluctuates upwards at a high level and in a short-term or maintains a range-bound trend. The potential for bulls at a high level in the market is still there. The MACD indicator is in the bullish zone and moves up slowly, and the RSI indicator is hovering above the 50 balance line;
Resistance level: 1846 1877
Support level: 1756 1715
Trading strategy: Bullish above 1793, target 1846 1877
Alternative strategy: bearish below 1793, target 1756 1715
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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