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Eth: low bulls continue to move up
2022-08-26
1333
Fundamental analysis:
Ethereum maintained a shock around 1689. Bitcoin archive said on social media that Intel had reached a $30 billion deal and would build a new chip factory, some of which would be used to manufacture bitcoin mining chips.
Ethereum ethusd - 4-hour K-line diagram shows:
Technical analysis:
According to the 4-hour chart, the low-level bulls kept surging, the short-term bulls began to pour in, the market buying continued, the MACD index was in the short area, and the consolidation moved up to around the 0 axis, and the RSI index was in the 50 equilibrium online side narrow consolidation;
Long and short turning point: 1689
Pressing position: 1736, 1769
Support position: 1657, 1623
Trading strategy: bullish above 1689, targets 1736 and 1769
Alternative strategy: bearish below 1689, targets 1657 and 1623
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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