CM Trade

Download APP to receive bonus

GET

ETH: Oscillating up

2023-01-26
1080
Fundamental analysis:

Ethereum maintains a shock around 1576, and the current TVL of the Ethereum bridge reaches 55.8 US dollars, an increase of 13% within 30 days. Among them, the five bridges with the highest lock-up volume are Polygon Bridges ($3.055 billion), Arbitrum Bridges ($1.218 billion), Optimism Bridges ($912 million), Near Raibow ($268 million), Fantom Anyswap Bridge ($205 million) ).

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



Brief technical analysis:

The 4-hour chart: the bulls’ momentum moved up again after a short-term retracement, the market’s bullish sentiment remains, the short-term bulls continue to move upwards, the MACD indicator is hovering around the 0 axis, and the RSI indicator is in a narrow range below the 50 balance line ;

Long-short turning point: 1563

Repression: 1601, 1624
Support: 1536, 1508

Trading strategy: Bullish above 1563, target 1601, 1624
Alternative strategy: bearish below 1563, target 1536, 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