Market Analysis of Ethereum on Friday, June 11, 2021

2021-06-11 15:30Source:BtcDana

International Monetary Fund: El Salvador's use of Bitcoin as a legal currency has caused some macroeconomic, financial and legal issues. The US Securities and Exchange Commission once again warned investors to pay attention to the investment risks of cryptocurrency futures funds. The Ethereum privacy technology solution Aztec announced that it will be open source. The cross-chain aggregation protocol O3 Swap will soon launch BSC, adding ETH cross-chain transaction pool. From a technical point of view, the daily line of ethereum closed bearish. The short-term trend of Ethereum is weaker than that of Bitcoin. H4 graph structure showed a downward trend. The indicators were weak and the moving average forms 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 2630.

https://asset.ycxfy.com/upload/file/1623340800000/1623399898795.jpg

Resistance:2550-2630-2740

Support:2400-2310-2200


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


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