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ETH: low down
2023-02-13
1014
Fundamental analysis:
Ethereum remained volatile around 1528. The Ethereum domain name onyx.eth was sold at a price of 40 ETH, or about 61,000 US dollars. The buyer was NFT giant whale and blockchain technology company Chain CEO Deepak Thapliyal (deepak.eth), and the seller was epicensvillage .eth.
Ethereum ETHUSD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the short-term momentum continues to fluctuate and move down, the short-term decline has not stopped, the market's bearish sentiment remains, the MACD indicator is in the bearish zone and continues to move down, and the RSI indicator is in the bearish zone for consolidation;
Long and short turning point: 1535
Repression: 1547, 1560
Support: 1517, 1506
Trading strategy: bearish below 1535, target 1517, 1506
Alternative strategy: call above 1535, target 1547, 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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