On Friday Asian market, Ethereum first fell and then rose, standing firm at 3,500 USD, now at 3,560 USD. The total hashrate of the Ethereum network is 667.17TH/s, and the current holding addresses are 62,902,608, an increase of 119,609 compared to the same period last year. The transaction volume on the 24h chain is 1,807,078 ETH, and the burned volume is 309,400 ETH. The Ethereum 2.0 deposit contract address has received 7,683,100 ETH, accounting for 6.56% of the current Ethereum supply, and 8768 ETH has been added in the past 24 hours.
From a technical point of view, Ethereum’s daily candle closed with a hammer pattern, and the resistance at around 3700 points was relatively strong. The indicators on daily graph remained relatively bullish. H4 graph showed that Ethereum undergo correction to around $3480 and continues to be above the middle BOLL band. The MACD volume remained bullish. 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 is 3480.
Resistance：3650-3700-3830
Support：3480-3400-3300
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