Market Analysis of Ethereum on Tuesday 24 August 2021

2021-08-24 13:40Source:BtcDana

Ethereum rose sharply on Monday, reaching a maximum of 3375. Ethereum's current full network hashrate is 594.70TH/s, and the current holding addresses are 61,181,923, an increase of 110,371 compared to the same period last year. The transaction volume on the 24h chain is 1,876,097.6 ETH. The data shows that the number of destroyed ETH has exceeded 80,000. Investigation: Three-quarters of professional investors in the UK will increase their exposure to cryptocurrencies. Data: NFT transactions on Ethereum have exceeded US$1 billion in the second half of the year. 


From a technical point of view, the daily line of Ethereum is strong, and the upward trend is obvious. The moving average formed Golden Cross and the MACD volume increased. H4 graph showed that Ethereum broke through the previous fluctuation zone and has been operating above the middle BOLL band for a long time. 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/1629734400000/1629786983221.png

Resistance:3380-3430-3500

Support:3300-3200-3100


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