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ETH: highs down

Fundamental analysis:

Ethereum remained volatile around 1645. Arkham Intelligence analysis data showed that after USDC was unanchored, an address associated with the Alameda Research liquidator sent $100 million in stablecoins to crypto trading companies Cumberland and GSR Markets.

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

Brief technical analysis:

Looking at the 4-hour chart: the high-level short-term momentum remains volatile and downward, the short-term decline has not stopped, the market is shrouded in bearish sentiment, the MACD indicator is in the bullish area and moves down, and the RSI indicator is hovering around the 50 balance line;

Resistance: 1683 1710

Support level: 1620 1595

Trading strategy: bearish below 1658, target 1620 1595
Alternative strategy: call above 1658, target 1683 1710

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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