Ethereum shows a quick drop on Tuesday, and reached a low of 1917.9. The bearish trend continued in early trading on Wednesday, and is currently traded at around 1888. The ETH held by the top ten addresses of Ethereum accounted for 20.58% of the total supply, the highest record since May 2017. The first upgrade to the Ethereum beacon chain, Altair, has changed from the Alpha version to the Beta version. The Brazilian Securities Regulatory Commission approved the first Ethereum ETF in Latin America. From a technical point of view, the Ethereum daily candle has been under the pressure of the middle BOLL band for 6 consecutive trading days. The MACD has been below the 0 level for a long time, and bearish sentiment are dominant. H4 graph and hourly charts show formation of ladder bottom, and the indicators tend to be bearish. Overall prioritise sell on high on the fluctuation zone. The deciding point whether to buy or sell is near 1900.
Resistance：1900-1960-2040
Support：1850-1800-1700
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