Ethereum made a sharp increase on Friday, reaching a new high of $4,404. The total computing power of the Ethereum network is 738.02TH/s, and the holding addresses are 66,385,490, an increase of 222,475 compared to the same period last year. The transaction volume on the 24h chain is 2,159,079 ETH, and the daily burn volume of 16910.57 ETH hit a new high.
From a technical perspective, the daily candle closed bullish, just as expected, the weakness of Bitcoin and caused a gain in Ethereum. H4 graph shows consolidation and all indicators show bullish signs. 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 4300.
Resistance：4410-4500-4600
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