Market Analysis of Ethereum on Monday, June 7, 2021

2021-06-07 14:30Source:BtcDana

The decentralized cross-chain transaction protocol AnySwap V3 main network Beta version is launched, and V3 will be launched on Ethereum and Abitrum in the future. Report: Low gas fee is good for Ethereum, and MATIC Whale is increasing its holdings again. Three Arrow Capital Co-founder: The rising parabola of BTC and ETH has been formed. From a technical point of view, Ethereum weekly candle continuously closed at positive, and the trend was stronger than Bitcoin. The daily line continued to fluctuate at the recent rebound high, and the accumulation of funds was obvious. If market continue to rise, theoretically, Ethereum will rise more than bitcoin. H4 graph shows the formation of a W pattern, the BOLL line shows signs of closing, the probability of market strengthening is high, and there will be a chance of hitting 2900. Overall prioritise operation on the fluctuation zone. The deciding point whether to buy or sell is near 2900.

 https://asset.ycxfy.com/upload/file/1622995200000/1623051056590.png

Resistance:2820-2900-3000

Support:2670-2550-2440


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


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