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ETH: wide range shock

Fundamental analysis:

Ethereum remained oscillating around 1633. According to data from, since the merger of Ethereum, the decrease in circulation has exceeded 40,000 pieces for the first time, and the current decrease is about 40,078 pieces. The current circulation of Ethereum is about 120,481,062 pieces.

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

Brief technical analysis:

Looking at the 4-hour chart: short-term range shocks, the market as a whole is in a wide range of shocks, the MACD indicator is hovering around the 0 axis, and the RSI indicator is in a weak order near the 50 balance line;

Long-short turning point: 1627

Repression: 1647, 1664
Support: 1614, 1599

Trading strategy: Bullish above 1627, target 1647, 1664
Alternative strategy: bearish below 1627, target 1614, 1599

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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