Ethereum accelerated its downward trend in early trading on Tuesday. Currently, it fluctuate
around 2525. The hashrate of Ethereum in the whole network is 526.60TH/s, the difficulty of the whole network is 7.22P, and the transaction volume in the 24H chain is 1780376.03 ETH. Data: nearly 60% of Ethereum clients are ready for Ethereum London hard fork. Gray ETH fund reduced its holdings of 646.99 Ethereum, and the total size of fund positions became 3.469 million ETH.
From the technical point of view, the daily upward channel of Ethereum is complete, the daily candle closes bearish with a short-term correction, but the indicators do not show bearish signs. H4 graph show the formation of a head and shoulders pattern in short term, RSI shows signs of weakening, and once it breaks through 2500, there is a risk of a quick drop. Overall prioritize Selling at high prices on the fluctuation zone. Consider the support zone and resistance zone, the deciding point whether to buy or sell is near 2500.
Resistance：2580-2660-2700
Support：2500-2450-2360
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