Ethereum
On Wednesday Asian session, Ethereum fell sharply to below $3000 which is a crucial price point. The new Acting Administrator of the Office of the Comptroller of the Currency (OCC), Michael Hsu said that after taking office, he will begin to review the main regulatory standards and pending issues of the agency, including explanatory letters and guidelines on cryptocurrencies and digital assets. Nvidia will reduce the computing power of GeForce graphics cards to prevent them from being used for cryptocurrency mining. From a technical point of view, the daily candle of Ethereum continue to fall and forms Doji. H4 graph did not show an obvious support for Ethereum and all indicators shows a bearish signal. Overall prioritise Sell on high on the fluctuation zone. The deciding point whether to buy or sell is near 3000.
Resistance：3000-3100-3250
Support：2800-2700-2650
Disclamer: The report is speculatif and DO NOT guarantee profit. Not financial advice. Please trade at your own risk.