ETHEREUM
In May, the trading volume of cryptocurrency exchanges exceeded US$2 trillion, approximately US$2.232 trillion, an increase of 34.3% from the previous month, setting a historical record for monthly trading volume. Ethereum developers fix a major vulnerability in EIP-1559. Starkware plans to launch starkex 3.0 in June 2021, which includes L1 price limit order and batch long-term flash loan function to support Caspian. From a technical point of view, Ethereum’s daily candle increased and fall and continue to be under pressure, and it continues to operate around the lower BOLL band. H4 graph shows that the candle is operating around the interval, the MACD is under the zero axis with heavy volume, the short position is dominant, and the moving average form Death Cross at a high position. Overall prioritise sell on high on the fluctuation zone. The deciding point whether to buy or sell is near 2180.
Resistance：2470-2550-2700
Support：2180-2100-2000
Disclamer: The report is speculatif and DO NOT guarantee profit. Not financial advice. Please trade at your own risk.