Ethereum’s price increased by 6% over the past week, nearing the 4,000 USD mark. This uptrend is reinforced by the formation of a golden cross, indicating strong buying momentum. Currently, the RSI is at 63.6, suggesting room for further gains despite recent pullbacks. Whale activity is also on the rise, with more wallets now holding over 1,000 ETH.

The key support level for ETH is at 3,543 USD. If it fails to hold, this could lead to increased selling pressure, while a breach of resistance at 3,827 USD could pave the way for further gains. The activity from investors suggests increased market confidence, which may provide additional support for ETH’s price trajectory.