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.
Resistance:2140-2280-2380
Support:2040-1950-1800
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