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ETH: low move down

Fundamental analysis:

Ethereum remained volatile around 1802. MetaCRM, a blockchain customer relationship management (CRM) solution provider, completed a $2.5 million seed round of financing led by Cherubic Ventures, with participation from OndineCapital, RedBuildingCapital, and TribeAccelerator.

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

Brief technical analysis:

Looking at the 4-hour chart: the short momentum continues to move downward, the market is shrouded in bearish sentiment, and there is a trend of continued downward movement in the short term. The MACD indicator is in the bearish area and continues to move downward, and the RSI indicator is below the 50 balance line.

Resistance level: 1846 1872

Support: 1776 1756

Trading strategy: bearish below 1817, target 1776 1756
Alternative strategy: call above 1817, target 1846 1872

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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