Market Analysis of Ethereum on Tuesday 6 July 2021

2021-07-06 14:40Source:BtcDana

On Tuesday, Ethereum continued to move up and down. It fluctuated strongly in the short term, and is currently fluctuating around $2280. Axie Infinity, the NFT+ blockchain game project on Ethereum, achieved $20 million in revenue for the first time in the past 30 days, and continued to rank first in the DeFi protocol revenue list. Data: Ethereum 2.0 contract pledge adds 24,300 ETH. Ethereum reserves on all exchanges have reached a 2.5-year low. From a technical point of view, the Ethereum daily candle continued to fluctuate near the middle BOLL band. The fight between bull and bear is intense. H4 upward structure is complete, and below 2200 becomes an important support level. Other indicators show bullish trend. Overall prioritise operation with the expectation that the market will fluctuate and undergo correction before strengthening. The deciding point whether to buy or sell is near 2200.


https://asset.ycxfy.com/upload/file/1625500800000/1625556624505.png

Resistance: 2330-2400-2460

Support:2200-2150-204


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