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ETHUSD: High level vibration
2022-10-25
1264
Fundamental analysis:
Ethereum maintained the shock near 1339. Zhao Changpeng, founder of Coin Security, said that with the help of law enforcement authorities, it had narrowed the possible scope of attackers who had previously stolen $570 million of assets from BNB Chain.
Ethereum ETHUSD - 4-hour K line diagram shows:
Technical analysis:
The 4-hour chart shows that after the bulls' high position was opened, the short-term upward trend began to weaken, the market buying momentum was insufficient, the MACD index was at the high position in the bulls' region, and the RSI index was at the 50 balanced online side;
Empty turning point: 1335
Pressing position: 1353, 1366
Support position: 1319, 1304
Trading strategy: bullish above 1335, target 1353, 1366
Alternative strategy: 1335 bearish, target 1319, 1304
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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