Ethereum closed bullish on Thursday and reached a new high in early trading on Friday. The current price is $3,800. The total computing power of the Ethereum network is 706.01TH/s, with 65,045,998 coin-holding addresses, an increase of 126,991, and the transaction volume on the 24h chain is 2,090,497 ETH. The total burning value of Ethereum has exceeded 2 billion US dollars, and the total burned amount is 535,230 ETH. ETH brige TVL reached 18.39 billion U.S. dollars. Yesterday, the number of profitable addresses on the Ethereum chain reached 63,078,800 and reached a record high.
From a technical perspective, Ethereum’s daily candle broke through the short-term key resistance of 3670, laying the foundation for the upward movement. H4 graph shows that the candle breakthrough the upper BOLL band, the bullish sentiment was strong, MACD continued to increase in volume, and the RSI remained strong. 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 3730.
Resistance：3880-3960-4000
Support：3730-3670-3600
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