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ETH: low order

2023-01-04
607
Fundamental analysis:
Ethereum remained oscillating around 1206. An Ethereum ICO participant exchanged 22,340 ETH for 20,544.14 wstETH (approximately $27 million) on December 31, 2022. The participant received 150,000 ETH during the Ethereum Genesis, and the ETH ICO price was about $0.31.



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



Brief technical analysis:
Looking at the 4-hour chart: the low short-term narrow-range arrangement, the market bulls have signs of waiting for an opportunity to enter the market, but they are still in a weak position, the MACD indicator is weak and hovering around the 0 axis, and the RSI indicator is in a weak arrangement above the 50 balance line;
Long and short turning point: 1200
Suppression: 1221, 1233
Support: 1186, 1174
Trading strategy: Bullish above 1200, target 1221, 1233
Alternative strategy: bearish below 1200, target 1186, 1174

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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