Market Analysis of Ethereum on Tuesday 10 August 2021

2021-08-10 13:40Source:BtcDana

Ethereum rose again on Tuesday, breaking through 3200 for the first time since May 19th. The total hashrate of Ethereum is about 578,467.09GH/s, the mining difficulty is about 7.71P, and the transaction volume on the 24H chain is 2,174,301.22ETH. At present, Ethereum has burned a total of 20109 ETH, and the average burn value of a single block is 0.68 ETH. Japan's cryptocurrency regulator: Relaxation of cryptocurrency restrictions must wait. 


From a technical point of view, the Ethereum daily line is upwards, showing the best 45° angle. The MACD indicator has increased in volume, and other indicators are bullish with no sign of change in direction. H4 graph rose but is under the pressure of 3200, there are signs of formation of M pattern. 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 3200.


https://asset.onetrader.online/upload/file/1628524800000/1628577558531.jpeg

Resistance:3200-3280-3350

Support:3060-2980-2890


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