Ethereum has a small volatility in early trading on Tuesday. Yesterday, ETH tested 3170 and weakened after encountering resistance. The current price of ETH is 2950 US dollars. The total computing power of Ethereum is 682.70TH/s, the current holding address is 63,693,221, the transaction volume on the 24h chain is 1,371,244 ETH, and the burn volume is 380,700 ETH. The burn volume yesterday was 6057 ETH, and the daily burn volume increased by 9.05%. Data: 1/3 of the circulating supply of Ethereum has been transferred from the exchange within a year.
From a technical perspective, Ethereum’s daily candle closed with a bearish marubozu candle and the bearish sentiment was heavy. MA5 continues to weakening and show no signs of a change of direction. H4 graph shows a clear formation of double-top structure. ETH broke through the middle BOLL band and the MACD volume dropped quickly. Overall, prioritise Sell within the fluctuation zone. Consider the support zone and resistance zone, the deciding point whether to buy or sell is near 3000
Resistance：3010-3100-3200
Support：2880-2730-2650
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