Ethereum rose slightly on Friday and currently fluctuates at $3,000. The current Ethereum network computing power is 680.40TH/s, the network difficulty is 9.13P, the currency holding addresses are 63,891,608, an increase of 95,185 compared to the same period last year, and the 24h chain transaction volume is 1,578,416ETH. As of October 1, the total lock-up volume on Ethereum Layer 2 has reached $2.42 billion. TikTok will launch the NFT series.
From a technical perspective, Ethereum’s monthly and weekly candle closed bearish and is still under pressure. Ethereum’s daily candle close bullish. Moving average was flat on low position. Ethereum has been under the BOLL interval for a long time. Currently, Ethereum is above the middle BOLL band and tend to be bullish short term. MACD is gradually shrinking, and the RSI is at around 50. Overall, prioritise operation within the fluctuation zone. The chart below is showing the key point and the estimated trend, the deciding point whether to buy or sell is near 2950.
Resistance：3050-3170-3300
Support：2950-2880-2720
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