Market Analysis of Ethereum on Thursday, July 1, 2021

2021-07-01 14:15Source:BtcDana

On Wednesday, Ethereum held a short-term increase in the Asian market and reach a new high of $2285. The data shows that the Ethereum testnet Goerli has reached the London upgrade block height of 5062605. In the past month, 789,700 ETH were pledged to the Ethereum 2.0 contract. The current Ethereum 2.0 deposit contract address has received 600,2370.0 ETH, and the pledge amount exceeds 6 million. 

From the technical point of view, the Ethereum daily candle is bullish for 4 consecutive days, and the trend is relatively strong. The indicators in daily graph shows an upward correction and is relatively neutral. In H4 graph, the trend of Ethereum is stronger than Bitcoin, and the upward channel of Ethereum is complete but there is a strong resistance above the 2280 line. Indicators are relatively bullish. Overall prioritise operation on the fluctuation zone. The deciding point whether to buy or sell is near 2280.

https://asset.ycxfy.com/upload/file/1625068800000/1625123376450.png

Resistance:2280-2380-2450

Support:2140-2040-1950


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