Ethereum quickly broke through $3,200 on Monday and is now at $3,160. The total hashrate of the Ethereum network is 612.41TH/s, the number of coin holding addresses has increased by 98,699, the transaction volume on the 24h chain is 1,743,112.47 ETH, and 130169.31 ETH have been destroyed. The Ethereum 2.0 deposit contract address has received 7.259 million ETH, accounting for 6.2% of the supply. In the past week, 164,000 ETH has been pledged, and the weekly increase has decreased by 55.25% from the previous month.
From a technical point of view, the daily fluctuation range of Ethereum has narrowed and the moving averages converges, presenting a triangular consolidation pattern, and the upward trend of indicators has slowed down. H4 graph shows formation of a downtrend channel, the MACD is at around 0 axis and the short-term volume decreased. There are signs of pressure on RSI. 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 3100.
Resistance：3220-3280-3350
Support：3100-3000-2950
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