Ethereum reached a new high on Tuesday, reaching $4837.99. The total computing power of the Ethereum network is 773.72TH/s, the difficulty level is 10.49P, a currency holding address of 67,897,308, a 24H chain transaction volume of 2,104,211 ETH, and the Ethereum PoS infrastructure service has been launched on the main network.
From a technical perspective, Ethereum daily candle closed with a Doji pattern on high position and undergo a slight correction in the early trading. The moving average continued to diverge upward. On H4 graph, BOLL narrowed. Ethereum was supported by middle BOLL band at 4670. RSI shows bearish signs, but Ethereum is still in an upward trend. 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：4760-4840-4900
Support：4670-4540-4420
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