Market Analysis of Ethereum on Friday, June 18, 2021

2021-06-18 14:25Source:BtcDana

Ethereum will promote the dematerialization of banking institutions, and the number of daily active addresses on the Ethereum network dropped by 11.1% in the past week. Canadian listed mining company, Hive Blockchain has obtained NASDAQ listing approval. Beijing area of China took the lead in launching the exchange function of ATM digital CNY and cash. Report: The demand for cryptocurrencies in the state of Hawaii in the United States has increased by more than 687% compared to last year. From a technical point of view, Ethereum formed three consecutive bearish candles, and the bulls lose their momentum. Under the strong suppression by some countries, it is difficult for Ethereum to recover in a short time. H4 graph shows that Ethereum operate in a small interval between the middle and lower Bollinger band, and the indicators remain relatively weak. Overall prioritise operation on the fluctuation zone. The deciding point whether to buy or sell is near 2260.


https://asset.ycxfy.com/upload/file/1623945600000/1624000632680.jpeg


Resistance:2460-2550-2640

Support:2300-2260-2060

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