CM Trade

Download APP to receive bonus

GET

ETH: low rise

2023-02-15
1069
Fundamental analysis:

Ethereum remained volatile around 1543, and an ETH whale named "BlueWhale0073" bought 223,077,962,531 SHIB worth $2,755,012. There are 2,008,469,542 SHIB in the wallet, and its owner has sold most of the SHIB holdings. SHIB remains the most held cryptocurrency among the top 100 ETH investors.

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



Brief technical analysis:

Looking at the 4-hour chart: the low-level bullish momentum remains volatile and rising, the short-term bullish sentiment continues, the market bullish momentum has a strong upward trend, the MACD indicator is in the bearish area, and the RSI indicator is hovering weakly near the 50 balance line;

Long-short turning point: 1536

Repression: 1558, 1573
Support: 1521, 1508

Trading strategy: Bullish above 1536, target 1558, 1573
Alternative strategy: bearish below 1536, target 1521, 1508

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