Market Analysis of Ethereum on Wednesday 7 July 2021

2021-07-07 15:20Source:BtcDana

On Wednesday Asian session, Ethereum was relatively strong, reaching a new short-term high at around $2395. As of 10 am, the Ethereum 2.0 deposit contract address has received 6,208,200 ETH, accounting for 5.33% of the current Ethereum supply, and 93,664 ETH has been added in the past 24 hours. Ethereum developers proposed to activate the mainnet of the London hard fork on August 4. Goldman Sachs: The blockchain with the highest practical potential is Ethereum. From a technical perspective, the trend of Ethereum is stronger than Bitcoin dan the bullish ladder remains strong. H4 graph shows that Ethereum strengthened from 2285. Ethereum has been above the middle BOLL for a long period of time, and all indicators shows bullish signal. Overall, prioritise operation with the expectation that market will fluctuate and undergo correction before strengthening. The deciding point whether to buy or sell is near 2280.


https://asset.ycxfy.com/upload/file/1625587200000/1625645324109.png

Resistance: 2460-2550-2670

Support:2350-2280-2160


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