Market Analysis of Ethereum on Wednesday, May 26, 2021

2021-05-26 15:00Source:BtcDana

ETHEREUM


Ethereum Foundation Developer: Altair, the first upgrade of beacon chain has made progress. Gamestop, the game post station is building the NFT platform based on Ethereum. The official Ethereum blog published an article announcing that Altair the first upgrade of the beacon chain has made steady progress. From a technical point of view, the daily candle of Ethereum has stabilized, breaking through the short-term resistance from the middle BOLL band, H4 graph show the formation of a complete head and shoulders pattern, there is an opportunity to 3000. Moving average indicator forms Golden Cross at bottom position, MACD volume shrink, and shows correction. RSI indicator shows bullish signal. Overall prioritise operation on the fluctuation zone. The deciding point whether to buy or sell is near 3000.

https://asset.ycxfy.com/upload/file/1621958400000/1622015920118.png

Resistance:2850-2940-3000

Support:2710-2600-2450


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


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