Market Analysis of Ethereum on Friday, July 2, 2021

2021-07-02 14:40Source:BtcDana

On Thursday, Ethereum continued fell after rising, and continued its weakness on Friday, and now fluctuated at 2050. According to the news: Uniswap v3 liquidity mining contract has been deployed to the Ethereum mainnet and all testnets. JP Morgan Chase: Ethereum upgrade may promote the pledge industry to reach 40 billion USD. Musk tweets that he wants to use Doge payment to participate in the space program of virgin galaxy and Amazon. RBI: Central banks in most countries are exploring central bank digital currencies. From the technical point of view, the Ethereum daily candle is closed bearish after its closed bullish for a few consecutive days. The candle is currently under pressure from the middle BOLL. H4 graphs shows weakening after the formation of double top and the indicators are gradually weakening. Pay attention to the key support below 2040, if the support is broken through, then beware of sudden drop. Overall prioritise sell on high the fluctuation zone. The deciding point whether to buy or sell is near 2040. 


https://asset.ycxfy.com/upload/file/1625155200000/1625211252654.png

Resistance:2140-2280-2380

Support:2040-1950-1800


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