US Securities and Exchange Commission (SEC) Chairman Gary Gensler stated that there should be a federal regulatory system surrounding cryptocurrency trading to ensure investor protection. The President of El Salvador instructed the state-owned geothermal power company to study cryptocurrency mining facilities using volcanic renewable energy. Asset management company Victory Capital plans to enter the crypto market by setting up a private equity fund. From a technical point of view, Ethereum was relatively stable yesterday. The candle is closed with a doji pattern showing a lack of direction. H4 graph shows that Ethereum is still under the pressure of the middle Bollinger band, the deciding point between bull and bear is obvious. RSI indicator is neutral, and MA continues to be under pressure. Overall prioritise Sell on High on the fluctuation zone. The deciding point whether to buy or sell is near 2630.
Resistance point ：2630-2740-2880
Support point ：2430-2310-2200
Disclamer: The report is speculatif and DO NOT guarantee profit. Not financial advice. Please trade at your own risk.