Ethereum traded sideways in early trading on Monday, with relatively small fluctuations. The Ethereum 2.0 client Nimbus released version v1.4.1, fixing the issue that v1.4.0 may lose a small number of proofs. The total computing power of the Ethereum network is 487.90TH/s, the difficulty is 6.56P, currently there are 60,308,841 holding addresses and the transaction volume on the 24h chain is 895,628.44ETH. The average fee for transactions on the Ethereum network dropped to the lowest level in December 2020, which was eight months. From a technical point of view, Ethereum’s 5-day moving average and 10-day moving average intersect. It is below the middle band of BOLL and lacks direction. H4 graph shows that the market is sideways, and the trend is weaker than that of bitcoin. The indicators are bearish. Overall prioritise operation on the fluctuation zone. The deciding point whether to buy or sell is near 2190.
Resistance：2190-2240-2300
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