Ethereum moved up strongly on Wednesday and is currently trading at around 1970. The total network hashrate of Ethereum is 493.65th/s, the difficulty of the whole network is 6.68P, and the current coin holding address is 60,801,010. Vitalik Buterin: Ethereum needs to expand beyond the manufacturing of tokens. According to a recent report by Goldman Sachs, 15% of family wealth management companies have invested in cryptocurrency, and another 45% are willing to invest in cryptocurrency.
From a technical point of view, the daily candle of Ethereum rebounded quickly supported by the lower band of BOLL, and managed to recover from the drop for the past 6 days. In the short term, 2040 is still the key point. H4 graph shows that Ethereum broke through the downward trend line, and bulls dominate the market short term. The moving average forms Golden Cross and the indicator show a shift in direction. Overall prioritise operation on the fluctuation zone. The deciding point whether to buy or sell is near 2040.
Resistance：2040-2100-2190
Support：1920-1840-1700
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