Market Analysis of Ethereum on Thursday July 15 2021

2021-07-15 14:50Source:BtcDana

On Wednesday, Ethereum was under pressure and weakened. Late trading data caused Ethereum to strengthen quickly, and is currently traded at around $2030. The Ethereum 2.0 deposit address has received 6,288,900 ETH, accounting for 5.39% of the current supply of Ethereum, adding 9504 ETH in nearly 24 hours. Ethereum's current network computing power is 492.50TH/s, the network difficulty is 6.64P, and the current number of coin holding addresses is 60321171. The main network upgrade of zksync 1. X, the second tier solution of Ethereum has been completed. From a technical point of view, Ethereum’s daily candle closes with a doji pattern at bottom position. If the market outlook continues to stabilize, it can be regarded as a rebound signal. From H4 graph, it can be seen that Ethereum is continuously suppressed by the middle BOLL band. The indicators hovering around 2040 have both long and short signal. Overall prioritise operation on the fluctuation zone. The deciding point whether to buy or sell is near 2040. 


https://asset.ycxfy.com/upload/file/1626278400000/1626335049126.jpeg

Resistance:2040-2090-2170

Support:1970-1920-1860


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


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