ETH market analysis today

Review: In the early morning, Ethereum once again experienced a sharp drop and a pin-point market, and the low point was also crossed down to below the key support of 3100. However, the short-term volume was immediately reduced, and the short-term coin price also formed a virtual volume downward insertion (in fact, from the perspective of review, Ethereum is still relatively hard)

From the 12-hour level, the BOLL and MACD indicators are oscillating slightly upward, and the coin price is still glued near the MA5 and MA30 daily moving averages. This can actually show the strong side of Ethereum. On the other hand, the daily and 12-hour levels of Bitcoin are "shaky"

As for the virtual volume downward pin market that has appeared too many times in the past two days, it is because the short sentiment of Bitcoin is too strong and therefore driven. Secondly, the dual mainstream is relatively rigid, and the reason is that Bitcoin is "soft" and Ethereum is "hard"

At present, the first key support of the low point is still around 3100.