• On Wednesday, Ethereum hesitated around the $1250 resistance

• The Internet transaction volume of Ethereum will exceed Bitcoin in 2022

• Wait for confirmation of rise before selecting ETH

Ethereum(ETH/USD) After 3% rebound on Wednesday, it is now in an important resistance zone of $1250. Since falling below this level in mid to late December, it is difficult to raise this level. The recovery of the new year may raise the vigilance of both sides, although it is too early to tell how far the price can soar.

Although 2022 will be a tough year for Ethereum, netizens will be very happyCryptocurrency News ReportNetwork activities. According to the statistics of YCharts and Nasdaq, the transaction volume of Ethereum last year exceeded that of Bitcoin. The Internet has carried 408.5 million transactions, more than 93.1 million in Bitcoin. The high uncertainty of Ethereum is related to the event announced by NFT. However, Bitcoin is still the most searched cryptocurrency.

According to Bitinfocharts, the trading volume of Ethereum will still increase by 2023. As of January 2, the data reached 924614, higher than 229191 of Bitcoin.

The short-term increase of Ethereum's resistance to US $1250

ETH/USD data chart (by TradeingView)

The technical future outlook shows that ETH trading is on the moving average in the short term from the bottom of US $1100. The transaction volume of cryptocurrency buyers has improved significantly, but it is still not critical. The MACD indicator value is bullish, but the trend is slightly improved.

What to see below ETH

Ethereum is expected to break through the resistance of US $1250. The rising candlestick will be concerned by buyers.

Conversely, empty orders can control the price of resistance areas. This may cause ETH to decline to the rising trend line in the short term.

If you're tryingSHOP ETHThe most important thing is to pay attention to whether the price is successfully increased by 1250 dollars. If the price is less than this level, ETH is very sensitive.

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