Ethereum strengthened on Wednesday and continued to reach short-term highs in early trading on Thursday. The current price is 3650 US dollars. The total computing power of the Ethereum network is 706.36TH/s, and the holding addresses are 64,968,102, an increase of 118,819 compared to the same period last year. The transaction volume on the 24h chain is 1,840,941 ETH. The 2.0 deposit contract address has received 7.9386 million ETH, accounting for 6.77% of the current supply. 4032 ETH has been added in the past 24 hours. The Ethereum Bridge TVL reached US$14.77 billion.
From a technical perspective, the Ethereum daily candle closed bullish, and it’s stable on the MA5 and MA10 of daily graph. The indicators became neutral and stronger. H4 graph shows that the fluctuation with triangle pattern has ended and Ethereum has entered into the upper BOLL range, MACD is above the 0 axis, and RSI is rising. Overall prioritise Buy on Low 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 3670.
Resistance：3670-3670-3830
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