Market Analysis of Ethereum on Friday 13 August 2021

2021-08-13 13:50Source:BtcDana

On Friday, ETH rose short-term in the Asian market, breaking through the US$3,100 mark, and is now at US$3,112. The intraday increase has reached 1.85%. Ethereum's entire network hashrate is 573.07TH/s, the entire network difficulty is 7.63P, and the 24h chain transaction volume is 1,821,460.49. ETH. Data: More than 35,000 ETHs have destroyed, and the average destruction value of a single block is 0.7285 ETH. The second largest client of Ethereum has 100% completed the "London" upgrade. 


From a technical point of view, Ethereum fell slightly, but has the support from 5 days MA. The MACD volume continued to increase, and other indicators remained strong. H4 graph showed the formation of an upward channel. Ethereum maintained fluctuation near the middle BOLL band, MA forms Death Cross, the MACD shrinks, and Ethereum is under pressure from a high position. Overall prioritize operate on the fluctuation zone. Consider the support zone and resistance zone, the deciding point whether to buy or sell is near 3000.


https://asset.onetrader.online/upload/file/1628784000000/1628836754721.jpeg

Resistance:3180-3275-3350

Support:3060-3000-2900


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