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ETH: short-term volatility

Fundamental analysis:

Ethereum maintains a shock around 1846. The Ethereum pledge agreement Swell Network will update the functions of the protocol on the Ethereum mainnet in April, including incentivizing the liquid pledge token Swell Ether (swETH), and realizing fully composable and replaceable liquidity security, vetted set of node operators, purpose-built vault policies, and more.

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

Brief technical analysis:

Looking at the 4-hour chart: the short-term volatility space is gradually narrowing, the market's bullish momentum begins to rise slowly, the MACD indicator is hovering around the 0 axis, and the RSI indicator is at the 50 balance line.

Long-short turning point: 1637

Repression: 1661, 1676
Support: 1623, 1607

Trading strategy: Bullish above 1637, target 1661, 1676
Alternative strategy: bearish below 1637, target 1623, 1607

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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