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ETH: Shock down

2023-05-09
871
Fundamental analysis:

Ethereum maintained a shock around 1836, and ImmutableX, the development company of ImmutableX, the Ethereum NFT layer-2 expansion solution, launched the payment solution "ImmutableCheckout". The solution supports more than 100 payment schemes, allowing users to purchase game assets through a configurable interface.

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



Brief technical analysis:

The 4-hour chart: You maintain a narrow range of volatility in the large area and move down. The market as a whole is in a bearish trend and will continue to move downward in the short term. The MACD indicator is hovering below the 0 axis, and the RSI indicator is below the 50 balance line. ;

Resistance level: 1875 1903

Support level: 1810 1787

Trading strategy: bearish below 1847, target 1810 1787
Alternative strategy: call above 1847, target 1875 1903

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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