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ETH: Low weak down

2022-11-22
1370
Fundamental analysis:

Ethereum maintained a shock near 1100. According to Paidun monitoring data, the FTX hacker address starting with 0x59ab transferred about 15000 ETHs to a new address starting with 0x8059, and began to exchange 10000 ETHs for renBTC. It is reported that FTX hackers connect the fund bridge to the Bitcoin network through renBTC. The Bitcoin address has about 2444 Bitcoins (about 40.4 million US dollars).



Ethereum ETHUSD - 4-hour K line diagram shows:




Technical analysis:

The 4-hour chart shows that the market bearish mood is shrouded, the short-term shock continues to decline, and the downward trend of low short positions may continue. The early low position is close to breaking, the MACD index is in the weak consolidation at the lower side of the 0 axis, and the RSI index is in the short position area to maintain a narrow shock;

Empty turning point: 1122

Pressing: 1162, 1201

Support: 1065, 1032

Trading strategy: lower 1122 bearish, target 1065, 1032

Alternative strategy: bullish above 1122, target 1162, 1201

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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