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Eth: low-level U-shaped oscillation moves up

Fundamental analysis:

Ethereum kept shaking around 1634, and the digital RMB app (pilot version) has been updated to version 1.0.13. In the new version, the interface of the digital RMB app has changed greatly, not only adding the "Yuan manager" service based on smart contract prepaid consumption fund management, but also renaming "sub wallet" to "wallet express payment".

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

Technical analysis:

According to the 4-hour chart, after the short-term short shock went down, the Bulls waited for the opportunity to enter and pull up, moving upward in a U-shape. The market bulls' sentiment continued, the MACD index hovered around the 0 axis, and the RSI index was in the 50 equilibrium online side;

Long and short turning point: 1622

Pressing position: 1667, 1699

Support position: 1591, 1560

Trading strategy: 1622 bullish, targets 1667 and 1699

Alternative strategy: 1622 bearish, target 1591, 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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