Market Analysis of Ethereum on Tuesday 22 June 2021

2021-06-22 15:15Source:BtcDana

On 21st June, European Central Bank President Lagarde delivered a speech stating that the European Central Bank will discuss the digital euro on July 14. Data: The holdings of the top 10 Ethereum giant whales on the exchange are declining, and the possibility of ETH being further sold is less likely. Founder of Cardano: ETH has a 90% probability of winning the fight against BTC. Sotheby's will accept cryptocurrency payments in the auction of "101.38 carats of pear-shaped flawless diamonds". From a technical perspective, the daily candle of Ethereum fell below the short-term support at around $2000. The bearish sentiment is dominant in the market. H4 and H1 graph shows a downward trend with no signs of the price going up. Overall, prioritise Sell on High position. The deciding point whether to buy or sell is near 2000.


https://asset.ycxfy.com/upload/file/1624291200000/1624349398645.png


Resistance:2000-2080-2180

Support:1850-1720-1550


This material is from Quant Tech Limited and is being posted with permission from Quant Tech Limited. The views expressed in this material are solely those of the author and/or Quant Tech Limited and BTCDana is not endorsing or recommending any investment or trading discussed in the material. Before acting on this material, you should consider whether it is suitable for your circumstances and as necessary, seek professional advice.


More