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Data: the address of usdc holding more than $1 million on Ethereum chain exceeds usdt

2022-05-26
1351
Fundamental analysis:

Ethereum maintained a shock around 1953. According to coinmetrics, the wallet addresses holding more than $1 million usdc on the Ethereum blockchain exceeded the number of wallets holding usdt, and usdt is still the largest stable currency in market value.


Ethereum ethusdt - 4-hour K-line diagram display:




Technical comments: it has been maintained in the narrow consolidation and translation in the Bollinger belt index channel for a long time, and the short power starts to enter slowly after maintaining the weak wandering. The Bollinger belt index shows a closing and translation trend, MACD index is in the weak wandering on the lower side of axis 0, and RSI index is in the narrow consolidation under the 50 equilibrium line;


Long short turning point: 1998


Pressing position: 2112, 2204


Support position: 1838, 1741


Trading strategy: bearish below 1998, target 1838, 1741


Alternative strategy: bullish above 1998, target 2112, 2204


The above analysis is a personal point of view and is for reference only.

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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