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Ethereum: weak downlink
2022-06-30
1475
Fundamental analysis:
Ethereum maintains a shock around 1103. Polygon has deployed a custom blockchain expansion solution "available" for developers to launch unique blockchain applications on the polygon main chain and other blockchains. The new product will allow developers to "unlink" access blockchain data, which means that they do not need to constantly check data from the network to find applications deployed on polygon.
Ethereum ethusd - 4-hour K-line diagram display:
Technical analysis:
According to the 4-hour chart: it has been in a narrow range in the Bollinger belt index channel for a long time, and there are signs of short power waiting for the opportunity to enter. The Bollinger belt index is in a slow opening trend, MACD index hovers below the 0 axis, and RSI index is in a weak consolidation below the 50 equilibrium line;
Multi empty turning point: 1133
Pressing position: 1189, 1250
Support position: 1051, 1007
Trading strategy: 1133 down bearish, target 1051, 1007
Alternative strategy: bullish above 1133, target 1189, 1250
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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