Ethereum bottomed out on Tuesday, testing a minimum of 2150, followed by a rise. On Wednesday Asian session, Ethereum rose and currently fluctuates around 2285. Ethereum currently has a total network hashrate of 511.89TH/s, a network difficulty of 6.93P, an increase of 61,046 coin holding addresses, and a 24h chain transaction volume of 2,806,988.17ETH. The second-tier expansion plan of Ethereum, the StarkEx 3.0 mainnet, includes L1 Vaults and SHARP functions.
From a technical point of view, Ethereum's daily decline is in line with the current trend and there are signs of continuation. On a long time frame, there is a formation of W pattern. In H4 graph, the candle operate around middle BOLL band and increased. All other indicators are relatively bullish. Overall prioritise Buy on Low within the fluctuation zone. The deciding point whether to buy or sell is near 2200.
Resistance：2360-2430-2550
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