Market Analysis of Ethereum on Wednesday, June 23, 2021

2021-06-23 14:40Source:BtcDana

ETHEREUM


Bank of America report: Cryptocurrency can promote economic growth in developing countries, but it also has risks. Wyoming Digital Asset Bank WDT obtains a banking license. CoinShares: Digital asset products have once again seen large-scale outflows of funds, and most of the selloffs are concentrated in Bitcoin funds. Fireblocks, an encryption hosting company, is facing litigation for its employees deleting the private key of Ethereum wallet. From a technical point of view, Ethereum broke a short-term new low yesterday, and tested 1700 but failed and rebounded quickly. H4 graph shows that Ethereum still maintains a downward channel. H1 graph shows an obvious overbought signal. Overall prioritise Sell on high on the fluctuation zone. The deciding point whether to buy or sell is near 2050.

 https://asset.ycxfy.com/upload/file/1624377600000/1624433719986.pngResistance:2050-2140-2280

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