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Eth: low bulls surging
2022-09-09
1218
Fundamental analysis:
Ethereum maintained a shock around 1639. With the upcoming merger of eth, it is widely expected that this upgrade will make eth a deflationary cryptocurrency. Eth 2.0 will immediately herald a new era of eth deflation supply.
Ethereum ethusd - 4-hour K-line chart shows:
Technical analysis:
According to the 4-hour chart, the low-level Bulls' power keeps surging upward, the short-term bullish sentiment is shrouded, and the market bulls' power is further moving upward. The MACD index is hovering on the upper side of the 0 axis, and the RSI index is in the narrow range of 50 equilibrium;
Long and short turning point: 1622
Pressing position: 1667, 1699
Support position: 1591, 1560
Trading strategy: 1622 bullish, targets 1667 and 1699
Alternative strategy: 1622 bearish, target 1591, 1560
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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