Ethereum was greatly affected by news on Monday, testing a low of $3100, and it is now trading at around $3280. The current total network hashrate of Ethereum is 661.67TH/s, the number of coin holding addresses has increased by 115,186, and the transaction volume on the 24h chain is 1,449,553 ETH. The current amount of Ethereum burned is 288,800 ETH, and the amount burned yesterday was 7241 ETH, an increase of 41.75% from the previous month. The total issuance of Ethereum BTC-anchored coins exceeded 280,000 for the first time, a record high.
From a technical point of view, Ethereum’s daily candle closed with a bearish doji, and Ethereum fluctuates around 3450-3100. H4 graph shows that Ethereum is operation below the middle BOLL band, and maintains a weak downward trend, and the relative indicators are bearish. 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 3340.
Resistance：3340-3400-3470
Support：3200-3110-3000
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