On Monday, Ethereum rose short-term in the Asian session, breaking through the $3,300 mark, reached a new high of 3334, and currently trading near 3270. The current hashrate of the entire network is 580.57TH/s, an increase of 99,293 addresses, the transaction volume on the 24h chain is 1,547,590.21 ETH, and the current market value of Ethereum accounts for 18.3% of the entire network. Data: The number of ETH destroyed by Ethereum has exceeded 50,000. Survey: Singaporeans are more willing to hold ETH than BTC.
From a technical point of view, Ethereum’s weekly candle form has four consecutive bullish candle, and reached a new high in early trading. The market’s bullish sentiments are extremely strong. Beware of short-term increase followed by a fall. H4 maintains an upwards channel, and Ethereum continue to be above the middle BOLL band while MACD is oversold. Overall prioritize operate on the fluctuation zone. Consider the support zone and resistance zone, the deciding point whether to buy or sell is near 3220.
Resistance：3340-3430-3500
Support：3220-3130-3000
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