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Ethereum: bottom oscillation

2022-07-05
1532
Fundamental analysis:

Ethereum maintained a shock around 1128. The number of NFT contracts deployed on Ethereum network has exceeded 100000, and a total of 75.85 million NFT assets have been cast. At present, the number of wallet addresses holding NFT assets is 5.63 million.


Ethereum ethusd - 4-hour K-line diagram display:




Technical analysis:


According to the 4-hour chart: it has remained weak in the Bollinger belt index channel for a long time, the low-level Bull Power moved up slowly, hovered after touching the next node near the upper rail, the Bollinger belt index moved after closing, the MACD index was weak in the short area, moved up and hovered near the 0 axis, and the RSI index was in 50 balanced online narrow range consolidation;


Long short turning point: 1160


Pressing position: 1222, 1290


Support position: 1049, 971


Trading strategy: bearish below 1160, goals 1049, 971


Alternative strategies: bullish above 1160, goals 1222, 1290

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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