Ethereum maintains an upwards trend on Wednesday, increasing from base position and is currently trading at around $4300. The market value of Ethereum exceeds $500 billion and ranks 15th in global assets. The computing power of the entire network is 730.47TH/s, and the current currency holding addresses are 66,127,089, an increase of 163,831 over the same period last year. The 24h chain transaction volume is 1,629,043 ETH. Yesterday's burn volume was 10450.89 ETH, and the daily burn volume increased by 36.94% month-on-month.
From a technical perspective, the daily graph of Ethereum closed bullish, the candle shows, and upwards trend and bullish market sentiment is strong. All indicators show bullish signs. H4 graph shows formation of an upwards channel. Ethereum broke through the upper BOLL band showing a strong performance, MACD volume also continues to increase. RSI maintains a strong performance. Overall, prioritise Buy on low, there is a possibility of another increase. The chart below is showing the key point and the estimated trend, the deciding point whether to buy or sell is near 4170.
Resistance：4370-4450-4500
Support：4200-4140-4000
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