CM Trade

Download APP to receive bonus

GET

ETH: low order

2022-12-22
1152
Fundamental analysis:
Ethereum maintains a shock around 1205. According to cryptoslam data, the total sales of NFT on the Ethereum chain has exceeded 31 billion U.S. dollars. Historical data shows that the total number of NFT sales on the Ethereum chain exceeded $30 billion on October 21, which means an increase of more than $1 billion in the past three months.

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



Brief technical analysis:
Looking at the 4-hour chart: the short-term lows are maintained in a narrow range, the market’s bearish sentiment remains, and the short-term will continue to maintain a weak and hovering trend. The MACD indicator is hovering below the 0 axis, and the RSI indicator is below the 50 balance line.
Long-short turning point: 1208
Suppression: 1220, 1230
Support: 1193, 1182
Trading strategy: bearish below 1208, target 1193, 1182
Alternative strategy: call above 1208, target 1220, 1230

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.

Free Access
Daily Trading Strategy
Download Now

CM Trade Mobile Application

Economics Calendar

More