CM Trade

Download APP to receive bonus

GET

Eth: long high volatility

2022-09-13
424
Fundamental analysis:

Ethereum maintained a shock around 1717, and CME announced the official launch of TaiFang futures options. Tim McCourt, global head of equities and foreign exchange products of CME Group, said: as market participants look forward to the upcoming merger of Ethereum, which is an update of one of the largest cryptocurrency networks that may change the rules of the game, people's interest in Ethereum derivatives is surging.



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




Technical analysis:


According to the 4-hour chart, the Bulls kept surging, the high-level was sorted out in the short term, the overall bullish sentiment of the market continued, the MACD index was in the Bulls' region, and the RSI index was in the 50 equilibrium online side;


Long short turning point: 1704


Pressing position: 1742, 1765


Support position: 1679, 1650


Trading strategy: bullish above 1704, targeting 1742 and 1765


Alternative strategy: 1704 bearish, target 1679, 1650


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.

Free Access
Daily Trading Strategy
Download Now

CM Trade Mobile Application

Economics Calendar

More