Market Analysis of Ethereum on Wednesday, June 16, 2021

2021-06-16 14:20Source:BtcDana

The Ethereum state channel solution Raiden Network client version 2.0 is officially launched. The proportion of cryptocurrencies in global hedge fund assets is expected to reach 7.2% in the next five years. Report: In 2020, the scale of China's industrial blockchain market will exceed ¥140 billion, the transaction volume of the blockchain platform will reach ¥3602.0 billion, and the scale of the chain on the platform will be ¥4.5 trillion. From a technical point of view, Ethereum's daily candle continues to close with a doji candle. The trend of Ethereum is obviously weaker than that of Bitcoin, and the market lacks direction. The H4 downtrend channel is maintained, and the moving averages converge. Currently, Ethereum is supported by the middle BOLL band at around 2460. The indicator is passive due to the market losing its direction for a long time. Overall prioritise operation on the fluctuation zone. The deciding point whether to buy or sell is near 2460. 

https://asset.ycxfy.com/upload/file/1623772800000/1623827766501.png

Resistance:2580-2640-2750

Support:2460-2340-2320


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