Market Analysis of Ethereum on Tuesday 29 June 2021

2021-06-29 14:55Source:BtcDana

Ethereum continued to rise on Tuesday, reaching the highest price of $2140. As of 10 am, the Ethereum 2.0 deposit contract address has received 5.937 million ETH, accounting for 5.1% of the current Ethereum supply, and 4192 ETH has been added in the past 24 hours. Ethereum transaction fees fell to a 6-month low as blockchain activity has reduced. Data: Ethereum address activity surpassed Bitcoin for the first time. From a technical point of view, the daily candle of Ethereum is closed bullish after reaching the bottom position. The market bullish sentiment strengthened. If Ethereum managed to break through 2040 in the H4 graph, then the next resistance is at 2270. The trend line of Ethereum is weakening, prioritise Sell on High on fluctuation zone. The deciding point whether to buy or sell is near 2040.

https://asset.ycxfy.com/upload/file/1624896000000/1624953303260.png

Resistance:2170-2270-2380

Support:2040-1960-1800



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