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ETH: range-bound
2023-04-04
922
Fundamental analysis:
Ethereum maintains a shock around 1775. According to Dune data, 59,200 Ethereum have been cross-chained to zkSync Era. In addition, the number of addresses on the mainnet of zkSync Era is about 254,600, and the number of transactions is nearly 300,000.
Ethereum ETHUSD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: In the short term, the high-level range is maintained, the market as a whole is in a narrow range, the MACD indicator is in a weak order on the upper side of the 0 axis, and the RSI indicator is hovering weakly near the 50 balance line;
Resistance level: 1801 1819
Support: 1758 1743
Trading strategy: bearish below 1783, target 1758 1743
Alternative strategy: call above 1783, target 1801 1819
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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