Former European Central Bank President: Cryptocurrencies need to be "absolutely transparent." 50,000 electric car charging stations in Europe will soon accept cryptocurrency payments. Citigroup has established a digital asset department, which will focus on cryptocurrency and blockchain business. Report: Although the price of ETH has fallen 55% from its highest point, long-term holders remain profitable. From a technical point of view, Ethereum’s daily line is closed a bit bullish, but the overall pattern is still bearish. H4 graph shows consolidation after rebound. For short term, ETH forms M pattern which forms a clear resistance around 2040, indicator is relatively bearish. Overall prioritise Sell on high. The deciding point whether to buy or sell is near 2040.
Resistance: 2040-2140-2270
Support: 1890-1800-1700
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.