Market Analysis of Ethereum on Monday 5 July 2021

2021-07-05 14:15Source:BtcDana

On Monday, Ethereum moved to a new high of 2388 and then fell back and is currently fluctuating around US$2250. The current Ethereum 2.0 deposit contract address has received 6.0903 million ETH, accounting for 5.23% of the Ethereum supply. In the past week, 213,984 ETH has been pledged, and 156,900 ETH has been pledged to the Ethereum 2.0 contract in the past week. From a technical point of view, the weekly candle of Ethereum is bullish and has a stronger trend than Bitcoin. The daily candle of Ethereum is stable and the indicator tends to be neutral. H4 graph shows a ladder pattern, and Ethereum has operated above the middle Bollinger band for a long time. MACD also shows bullish signs. Overall prioritise operation with the expectation that Ethereum will strengthen after it undergoes fluctuation and correction. The deciding point whether to buy or sell is near 2160.

https://asset.ycxfy.com/upload/file/1625414400000/1625468801999.png

Resistance:2310-2390-2460

Support:2160-2100-2040


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