Market Analysis of Ethereum on Friday 5 November 2021

2021-11-05 14:50Source:BtcDana

On Friday, Ethereum maintained its upward volatility, and its current price is 4,530. The total computing power of the Ethereum network is 755.42TH/s, an increase of 190,694 coin-holding addresses, a 24h chain transaction volume of 2,743,322 ETH, a total of 766.8 thousand ETH were burned, and 13514.04 ETH was burned yesterday. 


From a technical perspective, Ethereum daily candle close bearish, the candle formed an upward trend, and the indicators remain bullish. H4 graph shows that BOLL opened upwards. Although the candle shows signs of correction, but it is still in an upward trend. RSI remained strong. Overall, prioritize Buy with in the fluctuation zone. The chart below is showing the key point and the estimated trend, the deciding point near 4460.

https://asset.onetrader.online/upload/file/1636041600000/1636095031526.png

Resistance:4580-4660-4750

Support:4460-4410-4360


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