On Monday, Ethereum quickly broke through 2400, reaching the highest point around 2430. Profit taking in early trading on Tuesday, the current quotation is 2155. The whole network computing power of Ethereum is 509.23TH/s, and the whole network difficulty is 6.87P, an increase of 52850 over the same period of last year. Grayscale ETH fund reduced its holdings by 647 Ethereum, and the total size of the fund's holdings became 3,148,400 ETH. Amazon denies that it will accept cryptocurrency payment this year and issue cryptocurrency in 2022.
From the technical point of view, Ethereum daily candle has given up all the upside of yesterday, and the market momentum has weakened. H4 graph showed that Ethereum has dropped till the middle BOLL band and got support. RSI shows signs or reversal and the MACD shows bullish signs. Overall prioritise operation on the fluctuation zone. The deciding point whether to buy or sell is near 2400.
Resistance：2230-2300-2430
Support：2100-2040-1950
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