Market Analysis of Ethereum on Monday 1 November 2021

2021-11-01 13:35Source:BtcDana

On Monday, Ethereum fell to $4,190. The total computing power of the Ethereum network is 745.48TH/s, the holding address is 66,826,312, the transaction volume on the 24h chain is 1,328,897 ETH, 13076.07 ETH was destroyed yesterday, and the 24-hour destruction rate was 90.86%. Technically, Ethereum closed the doji on Friday, the daily line continued to be weak, and the indicators maintained an upward trend. In H4 graph, the middle BOLL band sideways, the upward trend has not been broken, the indicators remain neutral. Overall, prioritize operation in the fluctuation zone. The chart below is showing the key point and the estimated trend, the deciding point whether to buy or sell is near 4140.


https://asset.onetrader.online/upload/file/1635696000000/1635748120881.jpeg

Resistance:4260-4330-4400

Support:4140-4080-4000


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