Ethereum continued to fall in the Asian session on Thursday, falling below $3,000, and is currently quoted at $2,985. The total hashrate of the Ethereum network is 580.28TH/s, and the current holding addresses are 60,955,090, an increase of 107,167 compared to the same period last year. The transaction volume on the 24h chain is 2,277,382.85 ETH. Ethereum has achieved a market value of 148.849 billion USD, a record high. Data: The number of giant whales holding more than 1,000 ETH reached a new high since May 19th.
From a technical point of view, Ethereum formed three consecutive bearish candle and fell below the two key support levels of 3100-3000, and the RSI turned downwards. H4 graph shows that moving average forms Death Cross at a high level, MACD’s volume dropped quickly, and bearish sentiment is strong. 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 2890.
Resistance：3060-3130-3340
Support：2890-2880-2700
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