【Market review】

【Market review】

【Market】

【Market】

"Yesterday's news, Ethereum developers Tim Beiko and trent began to conduct EIP-1559 community expansion reports in October 2020, and since January 25 this year, collected the top ten Ethereum application pairs with the highest total lock-up volume From the perspective of EIP-1559, the total lock-up volume of these Ethereum applications exceeds 21 billion US dollars. Most Ethereum applications such as 1inch, AAVE, Balancer, Curve, MakerDAO, and Sushiswap support the implementation of EIP-1559.”

Interpret, what is EIP1559? When the demand for transaction access on the Ethereum network is small, the Block Gas Limit is reduced. When the demand is high, increase the Block Gas Limit to keep the average Block Gas Limit unchanged for a period of time. Can respond to changes in demand. This plan is actually not a long-term solution. First, this plan is to quench thirst with poison, and does not expand bandwidth requirements. It is more like "limited number travel", and the road does not widen, increasing or reducing tolls; second, it may harm miners. Benefit. In EIP-1559, the transaction fee is divided into two parts, one is the basic fee agreed by the entire network, and the other is the tip specified by the user. In EIP-1559, all basic fees will be burned directly, reducing the supply of ETH in the entire network. The burning of the basic fee will reduce the income of the miners, and they can only eat tips, and the tips are not stable. It has been almost two years since EIP1559 was proposed in April 2019. It is still under discussion. This plan is only a transitional plan, and miners are very important to the Ethereum ecosystem. Without the support of miners, this upgrade cannot be done. If you push it hard, it will only make things worse. Please see today's market analysis.

BTC:: The rebound of the pancake yesterday did not meet expectations, and it is currently relatively weak. At present, it can only wait for profits. Pay attention to the key support of $43,000 below, if you hold on, you can increase your position! In terms of contracts, intervene in multiple orders with the bottom layer of 43,000 US dollars as the bottom layer, with a stop loss of 700 to 1,000 US dollars, and the profit is expected to be above 48,000 US dollars!

ETH: The trend of Ether has broken the channel. Even if it comes to the trend of anti-drawing marginal line, it may be a short-term box shock trend, with resistance at 1820 and support at $1300. In terms of contracts, if you rebound short-term and open short, you will be out if you make a profit. The bottom support can be long-term, and the target is long-term.

SUSHI: Following the trend of the broader market, there is a strong support below $11. You can get on the bus when you arrive.