Market Analysis of Ethereum on Friday, July 30, 2021

2021-07-30 13:55Source:BtcDana

Ethereum rose rapidly in early trading on Friday, breaking through the previous high. The current price is around 2423. Ethereum's current hashrate is 519.63TH/s, and the transaction volume on the chain in 24H is 1889316.89 ETH. The number of Ethereum validator nodes has successfully exceeded 200,000, and the number of ETH pledged in the ETH2.0 deposit contract has exceeded 6.6 million, with a total value of more than 14 billion US dollars. Ethereum development platform Tenderly completed a round of financing of US $15.3 million. 


From a technical point of view, Ethereum's daily candle is consecutively bullish, breaking a new high in the short term, and shows the formation of a W at a low level. In H4 graph, candles show a unilateral upward trend and Ethereum continued to operate above the middle BOLL band the for a long time. The all indicators are bullish. Overall prioritize buying at low prices on the fluctuation zone. Consider the support zone and resistance zone, the deciding point whether to buy or sell is near 2400.



https://asset.ycxfy.com/upload/file/1627574400000/1627627486983.jpeg

Resistance:2470-2540-2640

Support:2400-2330-2200


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