On Thursday, Ethereum continued to rise, reaching a record high at around 2830. Currently, the hashrate of Ethereum in the whole network is 541.67TH/s, the difficulty of the whole network is 7.40P, the transaction volume in the 24H chain is 2604564.2 ETH, and the average gas price is 39gwei, down 25% from yesterday and 11% from the day before yesterday. Data: after London's upgrade, Ethereum network consumes $395000 worth of ETH per hour.
From a technical point of view, Ethereum's daily candle maintains an upward trend and is stable around the 5-day moving average. The indicator is strong and shows no sign of changing direction. H4 graph shows that Ethereum is under the support of the middle BOLL and tried to test the upper band multiple time showing a strong trend. All indicators show bullish signs. Overall prioritize buying at low prices on the fluctuation zone. Consider the support zone and resistance zone, the deciding point whether to buy or sell is near 2600.
Resistance：2830-2910-3000
Support：2700-2650-2600
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