Market Analysis of Ethereum on Friday, May 28, 2021

2021-05-28 14:45Source:BtcDana

ETHEREUM


According to official news, the volmex.financev1 version of the Ethereum - based token volatility protocol was launched, and the main work is planned to be deployed on Polygon, Optimization and other Layer 2 in June. Convenience store giant Sheetz will begin accepting Dogecoin, Bitcoin, Ethereum and other payment methods. Data: Today, 349,300 Ethereum options will expire, valued at approximately US$950 million. From a technical point of view, Ethereum's daily line has closed at negative. Currently, the 5-day moving average is stepped back to support, and H4 graph shows the formation of a triangle structure is currently under support at 2640. The indicator average is dead crossed. MACD is below the zero axis, and the daily bearish sentiment has increased. Overall prioritise sell on high the fluctuation zone. The deciding point whether to buy or sell is near 2640.

 https://asset.ycxfy.com/upload/file/1622131200000/1622191534451.png

Resistance:2730-2800-2900

Support:2640-2500-2300


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


More