Ethereum rose 3188 on Sunday and fell back. It continued to fall on Monday morningand is currently at around 2930. The network hashrate of ETH is 546.99TH/s, the network difficulty is 7.52P, the current currency holding address is 62378491, 105440 ETH has been added in recent week, and the new pledge volume has increased by 62.71% month on month. Data: at present, 14113.48 ETH have been burned by Ethereum network, and the average burn of a single block is 0.661 ETH.
From the technical point of view, Ethereum formed three consecutive bullish candle and the bulls dominate the short-term market. The daily candle rose and fell, but it did not affect the structure of the upwards channel. The indicator on the daily chart was bullish across the board. H4 graph showed that Ethereum is under pressure but the upward channel is not broken. The moving average converges and form Death Cross and the RSI weakened. 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 3190.
Resistance：3000-3070-3190
Support：2850-2800-2700
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