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ETH: Low bit uplink
2022-11-24
1282
Fundamental analysis:
Ethereum maintained the shock around 1166. Core developers of Ethereum generally believed that the open pledge of ETH withdrawal was always part of the goal of "Shanghai upgrading". However, the exact date of withdrawal has not been determined.
Ethereum ETHUSD - 4-hour K line diagram shows:
Technical analysis:
The 4-hour chart shows that the low bulls' momentum is slowly rising, and the market bulls' sentiment shows signs of slowly entering the market. The MACD indicator is in the short position area and keeps sorting up and hovering under the 0 axis, while the RSI indicator is in the weak position near the 50 equilibrium line;
Empty turning point: 1140
Pressing: 1198, 1234
Support: 1102, 1070
Trading strategy: bullish above 1140, target 1198, 1234
Alternative strategy: bearish under 1140, target 1102, 1070
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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