Ethereum fell short-term in Asian session on Thursday, currently at 3215, and hit a new short-term high of 3272 on Wednesday. At present, the hashrate of Ethereum is 571.16TH/s, and the transaction volume on the 24h chain is 1662342.12Eth. Ethereum has burned a total of 30678 ETH, and the average destruction value of a single block is 0.722 Eth. The second-tier expansion plan of Ethereum, Optimism has supported USD stable coins. After the implementation of EIP-1559, the revenue of Ethereum miners calculated in USD increased by 7.1%.
From the technical point of view, Ethereum’s daily line continues to rise, the moving average diverges, and the upwards structure is stable. In H4 graph showed that the moving average repeatedly converge and the Bollinger Band shows signs of tightening. The upwards channel is complete, and the upwards angle of the candlestick started to reduce. 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 3170.
Resistance：3280-3350-3430
Support：3170-3030-2900
This material is from Quant Tech Limited and is being posted with permission from Quant Tech Limited. The views expressed in this material are solely those of the author and/or Quant Tech Limited and BTCDana is not endorsing or recommending any investment or trading discussed in the material. Before acting on this material, you should consider whether it is suitable for your circumstances and as necessary, seek professional advice