On Monday morning, Ethereum skyrocketed then plummeted past $3300 and is currently trading around $3260. Ethereum's current full network computing power is 660.14TH/s, the current storage address has increased by 115,097, the 24-hour chain transaction volume is 1,839,785 ETH, the burn volume is 282,100 ETH, and the average burn value of one block is 1.4911 ETH. In the past week, 73,900 ETH was destroyed, and more than 1 billion US dollars ETH transferred in the last 24 hours.
From a technical point of view, Ethereum's weekly line closed strongly bearish. Ethereum is trying to strengthen but is facing resistance. The daily line closes with a doji pattern indicating that the market is losing confidence to advance. The 4-hour chart shows the formation of a ladder down, the moving averages forming a Death Cross and all indicators showing bearish signals. Overall for today prioritize Sell on high positions in the shock zone. Consider the support zone and resistance zone, short term intraday trading split the bull bear point around 3200.
