Ethereum showed a stable increase on Tuesday and broke through the key resistance of $3,500. On Wednesday, Ethereum increased, followed by a drop and fluctuated at $3,480. The total computing power of the Ethereum network is 684.21TH/s, and the current holding addresses are 64,235,990, an increase of 116,273 compared to the same period last year. The transaction volume on the 24h chain is 2,193,172 ETH. The transaction volume of the NFT secondary market exceeded 10 billion USD, of which the transaction volume on the Ethereum chain exceeded 6 billion U.S. dollars.
From a technical perspective, Ethereum daily candle closed bullish and the MACD continued to operate strongly above the 0 axis. H4 graph showed upward trend. Ethereum operated above the middle Boll band. MA5 and MA10 formed Golden Cross and moved upwards. The RSI has remained bullish. Overall prioritize buying at low prices on 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 3550.
Resistance：3550-3620-3680
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