Market Analysis of Ethereum on 09 June 2021

2021-06-09 14:30Source:BtcDana

The U.S. Internal Revenue Service's fiscal year 2022 budget shows that the U.S. Internal Revenue Service needs an additional $32 million to promote its crypto and online businesses, including funds for hiring personnel and building a complete internal dashboard for cryptocurrency and blockchain analysis. Data: The flow of cryptocurrency exchanges reached a new high in May, with a month-on-month increase of 20.4%. From a technical point of view, Ethereum’s daily candle closes bearish with a long tail, but it has not reached the key support point. If Bitcoin falls, there is a high probability that Ethereum will drop even lower. H4 graph shows that Ethereum drop to 2550, same as our prediction yesterday. The downward structure is still perfect, and indicator continue to show bearish signs. Overall prioritise Sell on High position. The deciding point whether to buy or sell is near 2550.


https://asset.ycxfy.com/upload/file/1623168000000/1623223304045.jpg

Resistance point  :2550-2620-2740

Support point :2310-2180-2000


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




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