In the Asian market on Friday, Ethereum continued to be under pressure, breaking the US$3,100 mark, and now at US$3080. The total hashrate of Ethereum is 606.38TH/s, and the difficulty of the entire network is 8.09P. The current holdings of coins have increased by 107,002. The transaction volume on the 24h chain is 2,169,533.72 ETH. The number of ETH burned by Ethereum reached the first milestone of 100,000, and 9,027 ETH was burned yesterday. The total value of crypto assets managed by Grayscale is approximately US$43 billion.
From a technical point of view, Ethereum’s daily candle is continuously bearish, and it is under the pressure of MA10. There are signs of double tops on the daily’s candle, and it is generally operating in a bullish trend. H4 graph shows formation of a head-and-shoulders bearish pattern. MA5 and MA10 forms Death Cross and bearish divergence. 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 3150.
Resistance：3150-3200-3250
Support：3050-3000-2950
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