On Thursday, Ethereum reached a new high, breaking through the US$3,800 mark, and is now at US$3810. Ethereum's non-full network computing power is 622.19TH/s, and the current currency holdings have increased by 129,847. The daily burn volume of Ethereum exceeded 10,000 for three consecutive days, and the total burn volume was 175,500 ETH. President of the European Central Bank: The cryptocurrency backed by fiat currency is an asset and should not be mistaken for currency. The total borrowing volume of the decentralized Lending market exceeded US$30 billion, a record high.
From a technical perspective, the daily candle of Ethereum continues to reach a new short-term high and formed 4 consecutive bullish candles. The market’s bullish sentiment is strong, and all indicators show bullish signs. H4 graph shows that Ethereum continued to strengthen and fluctuates. MA5 slowed down and indicator remains bullish. Overall prioritise Buy on low position. The chart below is showing the key point and the estimated trend, the deciding point whether to buy or sell is near 3840.
Resistance：3840-3900-4000
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