Ethereum
Global Crypto Hedge Fund Report: In 2020, the total amount crypto assets under management of crypto hedge funds will increase to 90%, with an average return rate of 3 times. The total amount of DeFi staking on the Ethereum chain has fallen below US$50 billion. Data: The revenue of Ethereum miners’s monthly income hit a record high, nearly 50% of which came from transaction costs. From a technical point of view, Ethereum’s weekly candle forms a big bearish candle, the daily candle fell below the previous low, with lowest point at around 1727. The rate at which Ethereum weaken surpasses Bitcoin. H4 graph shows that Ethereum is out of the channel, the daily candle continues to be bearish and the indicators have not seen obvious signs of stabilization. Overall prioritise Sell on high the fluctuation zone. The deciding point whether to buy or sell is near 2300.
Resistance：2200-2300-2450
Support：2030-1900-1730
Disclamer: The report is speculatif and DO NOT guarantee profit. Not financial advice. Please trade at your own risk.