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Ethereum: weak shocks move up

2022-06-28
1348
Fundamental analysis:

Ethereum maintained a concussion around 1186. According to the weekly report data of the master of cloud chain, as of June 26, the total network computing power of Ethereum was 876.57th/s, hitting a new low since January 1, 2022. Compared with the historical peak of 1055.34th/s, it decreased by 16.94%.



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




Technical analysis:


According to the 4-hour chart, the low-level bull continued to move up in the middle and upper rail sections of the Bollinger belt channel, the short-term bull showed a consolidation trend, the Bollinger belt index began to close after opening, the MACD index hovered on the upper side of the 0 axis, and the RSI index was in the 50 balanced online weak consolidation;


Long short turning point: 1183


Pressing position: 1263, 1321


Support position: 1132, 1072


Trading strategy: bullish above 1183, targets 1263 and 1321


Alternative strategy: bearish below 1183, target 1132, 1072

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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