Ethereum was under pressure from a high level on Tuesday and is currently fluctuating at $3,380. The total computing power of Ethereum network is 681.28TH/s, with 64,166,163 coin-holding addresses, an increase of 97,815 compared to the same period last year, and the 24h chain transaction volume is 1,263,931ETH. Hong Kong Finance Bureau: 80% of the world's central banks develop digital currencies. Visa is working on protocols that can send digital currency across different blockchains. The Central Bank of Uruguay has formulated a "work plan" for digital asset supervision.
From a technical perspective, Ethereum daily candle closes with a T pattern. There is an obvious resistance from the top. The rapid rise of Bitcoin caused Ethereum to lack momentum, and the probability of supplementary increase in the later period was relatively high. The H4 graph shows that Ethereum undergo correction. The indicators are neutral but relatively bullish. Overall, prioritise operation within fluctuation zone. The chart below is showing the key point and the estimated trend, the deciding point whether to buy or sell is near 3490.
Resistance：3430-3490-3600
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