On Tuesday Asian market, Ethereum met resistance at a high level, and it is currently quoted at $3,910. Ethereum currently has a total hashrate network of 639.09TH/s, an increase of 110,785 currency holdings, a 24h chain transaction volume of 1,673,452 ETH, destruction of more than 220,000 ETH, and a record number of profitable addresses. The difficulty of Ethereum mining has risen to a record high, the percentage of miners' fee income has reached a 3-month high, and the open futures contracts have reached 11.68 billion USD for the first time.
From a technical point of view, Ethereum closed the T-line (gravestone doji) on the daily chart. Ethereum’s previous rise is too rapid, and the current market focus is at Bitcoin. Bitcoin absorbed the attention quickly which caused Ethereum to slow down. H4 graph shows formation of rectangle pattern, and Bitcoin continues to fluctuate around the middle BOLL. Overall prioritize operation on the fluctuation zone. Consider the support zone and resistance zone, the deciding point whether to buy or sell is near 3980.
Resistance：3980-4030-4100
Support：3880-3830-3700
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