CM Trade

Download APP to receive bonus


ETH: Oscillating up

Fundamental analysis:

Ethereum remained volatile around 1914. HKIEF Hong Kong Innovation Encryption Fund tweeted that Hong Kong will set up a VASP (Virtual Asset Service Provider) licensing system and implement dual license supervision.

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

Brief technical analysis:

The 4-hour chart: After the short-term wide range of shocks, the momentum of the bulls keeps oscillating upwards, the market is still bullish, and the bulls are constantly pulling up. The MACD indicator is in the short-term area and moves up to the 0 axis, and the RSI indicator is on the side of the 50 balance line. tidy;

Resistance level: 1938 1960

Support: 1880 1861

Trading strategy: Bullish above 1900, target 1938 1960
Alternative strategy: bearish below 1900, target 1880 1861

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