Ethereum has recently surpassed 3,524 USD and reached 3,681 USD, closing in on the critical resistance level of 3,721 USD. If it can flip this resistance into support, it may pave the way for Ethereum to achieve its next milestone of 4,000 USD and beyond, given the current bullish investor sentiment.

The significant outflows of 89,000 ETH, equivalent to 323 million USD, demonstrate a strong accumulation trend, indicating positive investor sentiment. The approaching bullish territory of the Chaikin Money FLOW indicator underlines increased inflows, signaling a sustained interest and support for Ethereum’s price action and its potential growth.