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Eth: low level sorting up
2022-08-24
1358
Fundamental analysis:
Ethereum maintained a shock around 1641. The centralized cross chain transaction protocol thorswap launched a cross chain exchange aggregator that supports Ethereum and supports more than 8300 erc-20 tokens, allowing users to Trade Native encrypted assets on the thorswap platform without using a third-party bridging tool. The agreement currently holds a total value lock in (TVL) of approximately $361 million.
Ethereum ethusd - 4-hour K-line diagram shows:
Technical analysis:
According to the 4-hour chart, the low-level bulls kept surging, the short-term low-level bullish sentiment began to pour into the market, the MACD index maintained the consolidation and slowly moved upward in the short area, and the RSI index maintained the weakness and hovered upward in the short area;
Long and short turning point: 1627
Pressing position: 1669, 1700
Support position: 1595, 1564
Trading strategy: bullish above 1627, targets 1669 and 1700
Alternative strategy: 1627 down bearish, 1595, 1564
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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