ETH: Low level lifting
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:
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
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