Market Analysis of Ethereum on Friday 10 September 2021

2021-09-10 14:30Source:BtcDana

Ethereum has a smaller volatility on Friday, and is now trading at $3,465. Ethereum's current entire network hashrate is 650.20TH/s, the entire network difficulty is 8.69P, the current currency holding address has increased by 112,244, and the 24h chain transaction volume is 1,985,374ETH. The total value of ETH has burned exceeded US$900 million. The current amount of Ethereum destroyed is 262,100 ETH, and the average value of a single block destroyed is 1.1389 ETH. The amount of Ethereum burned yesterday was 15,323 ETH. 


From a technical point of view, Ethereum’s daily graph rose and fell and closed with a bearish doji. The moving average formed Death Cross at high level. From a structural point of view, the market loses its direction. H4 graph shows fluctuation within a small interval, the candle is sideways, and the RSI was at around 43. Overall prioritize selling at high prices on the fluctuation zone. Consider the support zone and resistance zone, the deciding point whether to buy or sell is near 3310. 

https://asset.onetrader.online/upload/file/1631203200000/1631257970533.jpeg

Resistance:3570-3660-3770

Support:3400-3310-3210


This material is from Quant Tech Limited and is being posted with permission from Quant Tech Limited. The views expressed in this material are solely those of the author and/or Quant Tech Limited and BTCDana is not endorsing or recommending any investment or trading discussed in the material. Before acting on this material, you should consider whether it is suitable for your circumstances and as necessary, seek professional advice


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