Market Analysis of Ethereum on Tuesday, May 25, 2021

2021-05-25 15:25Source:BtcDana

ETHEREUM


Musk and several miners will take the lead in regulating the disclosure of Bitcoin mining power and will form a Bitcoin Mining Commission. Ethereum's second-tier solution zkSync launches the zkSync 1.x testnet, which supports NFT and exchange functions. USD digital currency white paper might be released this summer. From a technical point of view, Ethereum stopped its dip and closed with a mid-sized bullish candle, but it is still running below the middle BOLL band. The MACD daily volume is shrinking and the market is in the process of correction. In H4 graph, the candle shows a bullish tendency, supported by the moving average, but other indicators have not seen shown bullish signals. Overall prioritise Sell on high the fluctuation zone. The deciding point whether to buy or sell is near 2450

 https://asset.ycxfy.com/upload/file/1621872000000/1621931188632.png

Resistance:2660-2750-2900

Support:2450-2220-2000


Disclamer: The report is speculatif and DO NOT guarantee profit. Not financial advice. Please trade at your own risk.



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