On Friday, Ethereum continued its bullish trend on Thursday and stabilised at around $2000. Ethereum is currently trading at around 2056. Ethereum's current computing power of the entire network is 496.34TH/s, the difficulty is 6.72P, the 24H chain transaction volume is 2,809,899.37ETH, and the current average block generation time is 12s. Reddit is working with the layer 2 solution Arbitrum to expand its Ethereum-based community points system. Tesla CEO Musk: Support the use of nuclear power to mine digital currency. From a technical point of view, the daily candle of Ethereum is above the middle BOLL and has been bullish consecutively. H4 graph showed a V shaped reversal and broke through the previous key resistance point 2040. MA formed Golden Cross at a low level, and MACD reversed above the 0 axis. Overall prioritise Buy on Low on the fluctuation zone. The graph below is showing the key point and the estimated trend, the deciding point whether to buy or sell is near 2040.
Resistance: 20900-2170-2240
Support: 2040-1980-1900
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