Market Analysis of Ethereum on Thursday, July 21, 2021

2021-07-21 13:35Source:BtcDana

Ethereum stopped falling at the previous low around 1700 on Tuesday, rebounded slightly on Wednesday, and now hovers around 1800. Ethereum client Besu released v21.7.0, adding support for London upgrade. Anthony di Iorio, co-founder of Ethereum: it will not liquidate its cryptocurrency holdings. United Bank of the Philippines: The Central Bank of the Philippines has approved its digital bank application, and there is not much stimulus on the fundamentals. From a technical point of view, Ethereum's daily candle is bearish for 6 consecutive days which is enough to show that the market is weak. Currently, it is supported by the lower boll band. H4 graph showed that around 1840 is the deciding point for bull and bear. The indicators show bearish signs. Overall prioritise Sell on the fluctuation zone. The deciding point whether to buy or sell is near 1840.


https://asset.ycxfy.com/upload/file/1626796800000/1626849027422.png

Resistance:1840-1920-2000

Support:1760-1700-1620


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