Ethereum continued yesterday's downward trend in early trading on Tuesday, reaching the lowest price of $2,806 and the current price is $2,980. The computing power of the entire Ethereum network is 671.32TH/s, the current holding address has increased by 96,206, the transaction volume on the 24h chain is 2,376,847ETH, and 327492.50 ETH has been burned. Russian banks will slow down payments to cryptocurrency exchanges and limit impulse investment by their own people. Grayscale reduced its current holdings of Ethereum to 3,136,400.
From a technical point of view, Ethereum’s daily candle closed bearish. Ethereum undergo fluctuation followed by a breakthrough down below $3000. Indicators show bearish signs. H4 graph shows that Ethereum dropped quickly, MA formed Death Cross, MACD is below the 0 axis and RSI show a clear bearish signal. Overall prioritise Sell position. The chart below is showing the key point and the estimated trend, the deciding point whether to buy or sell is near 3000.
Resistance：3000-3100-3200
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