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ETH: weak hovering
2022-12-27
1257
Fundamental analysis:
Ethereum maintains a shock around 1214. Beijing released the fourth batch of municipal-level major application scenarios with a total investment of 9 billion yuan. Around the application of cutting-edge technologies such as blockchain, it is planned to achieve breakthroughs in key areas of "stuck neck" technology applications from 0 to 1. Typical application scenario projects include government service blockchain applications, etc.
Ethereum ETHUSD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: short-term low volatility, bulls have signs of entering the market, but the overall market is weak, the MACD indicator is weak and hovering around the 0 axis, and the RSI indicator is weakly finishing near the 50 balance line;
Long-short turning point: 1209
Suppression: 1224, 1235
Support: 1198, 1188
Trading strategy: Bullish above 1209, target 1224, 1235
Alternative strategy: bearish below 1209, target 1198, 1188
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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