Ethereum fell rapidly on Tuesday, reaching the previous low of 1700. Ethereum's current network hashrate is 490.54TH/s, the network difficulty is 6.65P, and the deposit holding addresses are 60,598,755, an increase of 44,135 over the same period last year. The French government proposes that the European Securities and Markets Authority (ESMA) should regulate digital currency activities throughout the European Union. The Ethereum documentary in which Vitalik Buterin will participate has raised $1.9 million. From a technical point of view, Ethereum’s daily line closed negative for 5 consecutive days. The market sentiment is bearish and continued to operate below the 5 days moving average. H4 graph showed that Ethereum broke through the middle BOLL band short-term, and bearish sentiment is heavy. Overall prioritise operation on the fluctuation zone. The deciding point whether to buy or sell is near 1700.
Resistance：1800-1880-2000
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