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ETH: Shock down

2022-12-28

1125

ETHUSD

Fundamental analysis:

Ethereum remained volatile around 1203. Nikita Zuborev, chief analyst at BestChange, a Russian OTC cryptocurrency exchange aggregator, said that the collapse of FTX may trigger greater demand for encrypted OTC services, because due to weakened trust in CEX, investors are investing Find alternative ways to convert fiat currencies.

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

Brief technical analysis:

Looking at the 4-hour chart: The short-seller momentum maintains a narrow range of shocks and slowly moves down, the market's short-seller sentiment emerges, the MACD indicator is weak and hovering around the 0 axis, and the RSI indicator is weakly finishing below the 50 balance line;

Long-short turning point: 1209

Suppression: 1222, 1235

Support: 1191, 1179

Trading strategy: bearish below 1209, target 1191, 1179

Alternative strategy: call above 1209, target 1222, 1235

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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ETH: Shock down

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