On Tuesday, Ethereum reached bottom position short-term then rebounded, and is currentlu trading at around 3200. Ethereum's current full network hashrate is 581.16TH/s, current currency holding addresses are 60,816,132, an increase of 108,503 compared to the same period last year, and the 24h chain transaction volume is 2,230,895.51ETH. At present, Ethereum has burned 54611 ETH in total, and the average burn value of a single block is 0.729 ETH. TikTok is in partnership with Audius base, a music streaming platform based on Ethereum.
From a technical point of view, the daily candle of Ethereum is under pressure, and the RSI indicator is relatively bullish. H4 graph showed an obvious sign of peaking and formed the head of an M pattern. The formation of the upward channel is complete. Below 3100 becomes the short-term support. The indicators shows bearish signs. Overall prioritize Sell at high position on the fluctuation zone. Consider the support zone and resistance zone, the deciding point whether to buy or sell is 3100.
Resistance：3280-3340-3400
Support：3100-3000-2900
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