On Monday morning, Ethereum hit a recent high of 2700 and fell back. Currently, it is fluctuating at around 2550. Currently, the hashrate of Ethereum is 525.03TH/s, and the difficulty of Ethereum is 7.18P. The market value of Ethereum accounts for 17.7% of the whole network. The total income of Ethereum miners in July was US$1.03 billion, a decrease of about 12% from the US$1.17 billion in June, and only about 42% of the historical peak of US$2.46 billion in May.
From a technical point of view, Ethereum's daily trend is strong, and has strengthened for 12 consecutive days (including the formation of doji star) which has brought full confidence to the market. W bottom structure showed a strong and stable upward structure. In H4 graph, the upward channel is complete, and the indicator shows some signs of change of direction, but market is still bullish. Overall prioritize buying at low prices on the fluctuation zone. Consider the support zone and resistance zone, the deciding point whether to buy or sell is near 2510.
Resistance：2610-2700-2760
Support：2510-2450-2360
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