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ETH: Weak finishing
2022-11-28
1356
Fundamental analysis:
Ethereum remained volatile around 1191. As of November 26, the total number of smart contracts in Cardano-based smart contract platform Plutus was 3791. According to data retrieved by Cardano Blockchain Insights, the number of smart contracts will increase by 300% in 2022, or 2,844, compared to the 947 smart contracts recorded on January 1, 2022.
Ethereum ETHUSD - 4-hour K-line chart shows:
A brief technical analysis:
From the 4-hour chart: the low level moved up slowly in the short term, and then moved up and moved, the market as a whole was in a weak position, the MACD indicator was in a weak position near the 0 axis, and the RSI indicator was hovering in a narrow range on the 50 balance line;
Long-short turning point: 1178
Suppression: 1222, 1251
Support: 1147, 1118
Trading strategy: bullish above 1178, target 1222, 1251
Alternative strategy: bearish below 1178, target 1147, 1118
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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