Ethereum quickly rose above $4,700 on Monday. The total computing power of the Ethereum network is 802.10TH/s, a difficulty of 10.87P, a currency holding address of 68,449,325, a 24h chain transaction volume of 943,830 ETH, and a cumulative burn of over 880,000 ETH. The Ethereum bridge TVL reached 16.85 billion US dollars.
Technically, the Ethereum weekly candle close with a bearish doji star. Daily graph shows that MA5 and MA10 are converging, and the indicators are bullish across the board. H4 graph shows the end of ladder bottom and Ethereum broke through the upper trend line. The indicator is neutral but slightly bullish. Overall, prioritise BUY within the fluctuation zone. The chart below is showing the key point and the estimated trend, the deciding point is near 4650.
Resistance：4740-4810-4870
Support：4650-4570-4460
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