Ethereum continued to decline on Wednesday, and the current price is 3180. Ethereum's current full network hashrate is 599.19TH/s, the entire network difficulty is 8.00P, the currency holding address has increased by 117,209, the 24h chain transaction volume is 3,091,777.56 ETH, and 88,731 ETH has been burned. The average burn value of a single block is 0.7002 ETH. Data: The total issuance of Ethereum BTC-anchored coins broke through 270,000 for the first time, setting a record high. Japan's FSA is considering implementing stricter cryptocurrency regulations.
From a technical point of view, Ethereum’s daily candle closed bearish, MA5 and MA10 are converges at high levels, and there are signs of double tops. H4 graph shows that Ethereum forms a complete upward channel, the RSI turns downwards, and the BOLL closes and operates under the lower Bollinger band. Overall prioritize operation on the fluctuation zone. Consider the support zone and resistance zone, the deciding point whether to buy or sell is near 3100.
Resistance：3230-3300-3380
Support：3100-3000-2880
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