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Ethereum: low position weak finishing

2022-07-04
1584
Fundamental analysis:

Ethereum maintained a shock around 1065, and Qingpu District human resources and Social Security Bureau explored and carried out the pilot work of cashing talent funds by using digital RMB. More than 2.8 million talent team award funds involving two enterprises were successfully distributed to the digital RMB wallet of enterprise talents through digital RMB.




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




Technical analysis:


According to the 4-hour chart: it has been maintained in the narrow range weak consolidation in the Bollinger belt channel for a long time, and the short momentum has continued to move downward. The Bollinger belt index is in a closing trend and moving downward continuously. The MACD index is in the weak position under the 0 axis, and the RSI index is in the narrow range consolidation under the 50 equilibrium line, moving up slowly;


Long short turning point: 1095


Pressing position: 1154, 1222


Support position: 988, 913


Trading strategy: bearish below 1095, target 988, 913


Alternative strategies: bullish above 1095, goals 1154, 1222

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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