Ethereum broke through the US$3,400 mark in early trading on Wednesday and is now at US$3,402. Ethereum's entire network has a hashrate of 664.20TH/s, an increase of 128,115 tokens, and a 24h chain transaction volume of 1,755,223 ETH. The burning value of ETH in Ethereum exceeded 1 billion USD, and the amount staked in ETH 2.0 contracts in the past 24 hours has increased by 14,800 ETH. Ethereum developers: The diversity of clients is another good proof that Ethereum has become stronger.
From a technical point of view, Ethereum daily candle closed with a bullish marubozu candle. This is a good sign for the bulls as recently the Ethereum market has been sideways. The indicators are neutral but slightly bullish. In H4, Ethereum’s candle are at around 3200 points. If Ethereum managed to break through 3470 then there is an opportunity. 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 3470.
Resistance：3470-3520-3570
Support：3330-3280-3200
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