Ethereum strengthened on Monday and failed to reach a new high. On Tuesday morning, it was under pressure and is now at $3,240. The total hashrate of Ethereum is 612.41TH/s, and the number of coin holding addresses has increased by 71,726. The transaction volume on the 24h chain is 1,343,347.96 ETH. The burn volume in the past 24 hours has exceeded 10,000, a record high. The current burn volume of Ethereum is 142,900. ETH. Data: Grayscale ETH fund reduced its holdings by 645.44.
From a technical point of view, Ethereum’s daily candle forms an ascending triangle, but it continues to be under pressure near the pressure level of 3380, and the indicator is relatively neutral. H4 graph shows that BOLL was flat, supported by the middle BOLL band, the indicators were all neutral, and the market lacked direction. Overall prioritize operation on the fluctuation zone. Consider the support zone and resistance zone, the deciding point whether to buy or sell is near 3150.
Resistance：3280-3350-3380
Support：3150-3050-2950
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