On Wednesday, Ethereum supplemented its gains as expected, breaking through the $4000 key resistance, and currently quoted at US$4,170. The total network computing power of the Ethereum is 705.64TH/s, a currency holding address of 65,539,652, a 24h chain transaction volume of 1,745,327 ETH, a total lock-up volume of US$101.08 billion, and a net lock-up volume of US$77.73 billion. The lock-up volume of BTC-anchor coins on the Ethereum chain exceeded $19 billion, a record high.
From a technical perspective, Ethereum’s daily candle closed bullish, rose more than $300, reaching the upper BOLL band. The indicators showed signs of increasing. H4 graph shows 4 consecutive bullish candle, and the bullish sentiment were strong. Bitcoin broke through the upper BOLL, be careful of correction. MACD and RSI showed bullish sign. 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 4100.
Resistance：4240-4320-4400
Support：4100-4000-3850
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