Market Analysis of Ethereum on Thursday, June 24, 2021

2021-06-24 15:25Source:BtcDana

The Ethereum testnet Ropsten has activated the London upgrade at block height 10499401 at 10:03 on June 24. This upgrade includes updates such as EIP-1559, which changes the Ethereum 1.0 Gas fee market, and postpones the difficulty bomb to December 1, 2021. Asian Securities Industry and Financial Market Association: More measures should be taken to support large-scale trials of "tokenized securities". From a technical point of view, the daily trend of Ethereum is obviously weaker than Bitcoin. The daily candle forms doji pattern and indicator continue to show bearish signs. H4 graph shows signs of a downward trend. MA continue to form bearish divergence, but MACD did not show signs of shrinkage yet. Overall prioritise Sell on High. 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/1624464000000/1624522793762.png

Resistance: 1980-2050-2140

Support: 1820-1750-1700


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