On Monday, Ethereum broke through the previous high of $3,350 per coin in the Asian market, setting a new high since May 19th. Ethereum currently accounts for 17.4% of the market value of the entire network, with a hashrate of 592.03TH/s, and an increase of 104,870 coin holding addresses. Ethereum has burned a total of 76,025 ETH, and the average burn value of a single block is 0.6677 ETH. Data: Since the upgrade of Ethereum London, 72% of non-MEV transaction fees have been burned. Iran's temporary ban on cryptocurrency mining will be lifted on September 22.
From a technical point of view, Ethereum’s weekly candle formed 4 consecutive bullish candle and has broken out of short-term resistance. The daily candle undergoes correction at high position and reaches a new high. The market is strong, all indicators show bullish signal. H4 graph showed correction followed by a breakthrough, the indicators show bullish signs. 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 3300.
Resistance：3430-3500-3600
Support：3300-3240-3100
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