On Wednesday, Ethereum continued yesterday's upward trend and rose slightly in early trading and is currently quoted at 3860 US dollars. The total computing power of the Ethereum network is 707.15TH/s, the current currency holding addresses are 65,450,110, an increase of 128,565 compared to the same period last year, the 24h chain transaction volume is 1,861,338 ETH, and the Ethereum bridge TVL reached 15.53 billion U.S. dollars.
From a technical perspective, the Ethereum daily line has continued to close bullish. The market transactions weakened, and ETH was once suppressed above 4000 points. ETH continue to operate above the middle Boll band and the indicators generally remained bullish. H4 graph shows that BOLL narrowed. The moving averages fluctuates and form Golden Cross at bottom position. The MACD volume remained stable and the buyer’s market is stable. The RSI maintains at a bullish interval. Overall, prioritize 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 3900.
Resistance：3900-4000-4100
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