Ethereum continued to rise on Wednesday and continued strengthening in early trading on Thursday, stabilising at a key position of 3,500 US dollars, currently hovering at 3590 US dollars. Ethereum network has burned more than 450,000 coins. The President of Ukraine returned the encryption bill to parliament for revision. South Korea’s Minister of Planning and Finance: South Korea will tax the proceeds of virtual assets such as cryptocurrency next year. Bank of America launched a cryptocurrency custody service. The Mexican Stock Exchange is considering listing cryptocurrency futures on its derivatives exchange.
From a technical perspective, Ethereum daily candle closed doji and operates above middle BOLL band. H4 graph shows that ETH is fluctuating upwards, breaking through the upper BOLL band. RSI is above 60. Overall, prioritise Buy 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 3630.
Resistance：3630-3680-3800
Support：3520-3450-3300
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