Ethereum maintained a strong rise on Tuesday, stable above 4,800 US dollars. The total computing power of the entire Ethereum network is 769.45TH/s, with 67,780,842 coin holding addresses, an increase of 170,149 compared to the same period last year. The transaction volume on the 24h chain is 1,503,306 ETH, and the burn volume exceeds 800,000.
From a technical perspective, Ethereum daily candle is closed bullish for three consecutives days, and the bulls are in control of the market, indicators showed bullish signal. On H4 graph shows that the moving average diverges, the candle shows unilateral upward movement. MACD volume strengthened, and the RSI is in a strong zone. Overall, prioritise BUY within the fluctuation zone. The chart below is showing the key point and the estimated trend, the deciding point is near 4760.
Resistance：4850-4930-5000
Support：4760-4700-4600
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