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ETH: Low level lifting

Fundamental analysis:

Ethereum maintained the shock near 1327. FTX needed 4 billion dollars to maintain its solvency and tried to raise rescue funds in the form of debt, equity or a combination of both.

Ethereum ETHUSD - 4-hour K line diagram shows:

Technical analysis:

The 4-hour chart shows that the power of low position bulls has kept moving up, short-term bullish sentiment has emerged, and the market bulls have continued to pull up. The MACD index is in the short area and moves up, while the RSI index is in the lower side of the 50 equilibrium line;

Empty turning point: 1302

Pressing: 1374, 1416

Support: 1262, 1221

Trading strategy: bullish above 1302, target 1374, 1416

Alternative strategy: 1302 lower bearish, target 1262, 1221

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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