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Eth: low long shock up

2022-09-01
526
Fundamental analysis:

Ethereum maintained the oscillation around 1564. The 12th shadow bifurcation of the Ethereum main network reached the total difficulty (TTD) of the terminal. All nethermind nodes passed the transition smoothly.



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




Technical analysis:


According to the 4-hour chart, the power of the low-level bulls maintained a slow upward oscillation, and the short-term bulls continued to show a moving trend. The MACD index hovered at the lower side of the 0 axis, and the RSI index was in a narrow range near the 50 equilibrium line;


Long and short turning point: 1551


Pressing position: 1600, 1638


Support position: 1508, 1466


Trading strategy: bullish above 1551, target 1600, 1638


Alternative strategy: bearish below 1551, targets 1508 and 1466

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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