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ETH: low down

2023-03-10
1104
Fundamental analysis:

Ethereum maintains a shock around 1427. The Ethereum Foundation announced in a blog post that the Shapella network upgrade will be activated on the Goerli network at epoch 162304. The planned time is March 15, 06:25:36 Beijing time. It is expected that this will be The Ethereum mainnet schedules the last testnet upgrade before the Shapella upgrade.

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



Brief technical analysis:

Looking at the 4-hour chart: the short-term momentum has fallen at a low level, and the short-term decline may continue. The market as a whole is in a trend of continuous downward movement of short positions.

Resistance: 1455 1474

Support level: 1407 1390

Trading strategy: bearish below 1436, target 1407 1390
Alternative strategy: call above 1436, target 1455 1474

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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