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Ethereum: low level finishing
2022-07-06
1454
Fundamental analysis:
Ethereum remained low and fluctuated around 1148. The digital currency Research Institute of the people's Bank of China applied for eight patents with the word "smart contract" in the title, most of which were applied in 2021. Most of the technologies covered were the underlying technical solutions of smart contracts, including the registration method and execution method of smart contracts.
Ethereum ethusd - 4-hour K-line diagram display:
Technical analysis:
According to the 4-hour chart, the narrow range consolidation in the index channel of the bottom forest belt was maintained for a long time. During this period, the nodes of the upper and lower rail sections were spied back and forth for many times, and no breakthrough was made. The MACD index was weak on the upper side of the 0 axis, and the RSI index was 50 balanced on the narrow range consolidation on the online side;
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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