Ethereum's rise quickly on Thursday and hit a maximum of 3640 US dollars. On Friday it fell back to the current price of 3560 US dollars. The total computing power of the Ethereum network is 691.96TH/s, with 64,447,341 coin-holding addresses, an increase of 194,846 over the same period last year, and the 24h chain transaction volume is 2,459,601 ETH. The total lock-up volume of the Ethereum L2 network has exceeded US$3 billion, and the burn volume is 472,300 ETH. The burn volume yesterday was 12,640.38 ETH, and the daily burn volume decreased by 5.17% from the previous month.
From a technical perspective, Ethereum form three consecutive bullish candle, and remains relatively bullish. The MA formed a Golden Cross at the bottom position, MACD stabilizes at the 0-axis and there is an opportunity to continue to strengthening. H4 graph showed formation of upward channel but was under pressure by upper BOLL band on the short term and fell again. The indicators are relatively strong. 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：3650-3730-3800
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