Ethereum rose rapidly in early trading on Thursday, breaking through $3,100 and is currently trading at $3,115. The total hashrate of Ethereum is 677.10TH/s, the difficulty of the entire network is 9.05P, the current holding address is 63,346,190, an increase of 99,457 compared to the same period last year, the 24h chain transaction volume is 2,688,389 ETH, and the burn volume is 350005.51 ETH. The premium per share of the Grayscale ETH Fund has turned from negative to positive, and the current premium rate is 0.76%.
From a technical point of view, Ethereum’s daily candle closed bullish, and formed bullish engulfing. RSI shows signs of reversal, and the indicator was still bearish. H4 graph shows that the downward trend line was broken. Ethereum rebounded but was under pressure below the middle BOLL band, MA5 And MA10 formed Golden Cross at low level. 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 3100.
Resistance：3180-3260-3300
Support：3100-3000-2880
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