Mainstream currency market analysis

The downward trend of Ether is slow and fluctuates lower. The support of the 2000 line fails to reverse the market. The hourly line moves along the lower track of the Bollinger Bands. The upper pressure level is near 2250. As long as the market does not break through the pressure level, the general trend will continue to decline. Our primary target is around 2100. If the level is broken, we will continue to see the previous low of 2067.

The falling speed of the market was supported by the bulls. It fluctuated violently in the morning and did not move out of a large range. The moving averages of each cycle showed a short position. The hourly MACD indicator ran a dead cross and was in a heavy volume state. It is recommended to go short around 43700 for the white market market. , target 42500-41500.

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