Ethereum's open interest soared, surpassing Bitcoin. The price of bitcoin plummeted to $29900 from an all-time high of nearly $64000, then rebounded to $36000. Bitcoin’s open positions have fallen sharply, while Ethereum has soared. Providers of 401K pension plans in the United States have allowed some of their pensions to be invested in cryptocurrency. Bitmain lowered the price of mining machines by about 20%. From a technical point of view, the daily line of Ethereum is under pressure and continues to be under the middle BOLL band. The daily candle of Ethereum is stronger than Bitcoin, but the indicators shows bearish signs. H4 graphs shows that Ethereum fell below the recent fluaction range of 2550-2850, the moving average forms Death Cross, and other indicators shows bearish signs. Overall prioritise Sell on high on the fluctuation zone. The deciding point whether to buy or sell is near 2550.
Resistance：2550-2620-2740
Support：2300-2180-2000
Disclamer: The report is speculatif and DO NOT guarantee profit. Not financial advice. Please trade at your own risk.