Ethereum rose slightly in early trading on Tuesday, and the current price is 3860 US dollars. The short-term performance of Ethereum is triggered by the excessive strong absorption of Bitcoin. The total computing power of Ethereum is 706.51TH/s, the difficulty of the whole network is 9.60P, with 65,367,209 currency holding addresses, increase of 121,529 compared to the same period last year. The transaction volume on the 24h chain is 1,812,717 ETH, and the network burns a total of 570970.03 ETH. The Ethereum Bridge TVL reached 15.43 billion U.S. dollars.
From a technical perspective, the Ethereum daily candle failed to break through the recent fluctuation zone, and the daily candle continued to close with small bullish and bearish candle which shows that the market lacks momentum. Traders need to be careful of sudden increase. The BOLL narrowed on H4 graph, the moving averages converges, and the indicator remained neutral but slightly bullish. 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 near 3900.
Resistance：3840-3900-4000
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