Ethereum encounters resistance at 3,700 USD and has established vital support within the 3,030 USD to 3,130 USD range. A breakout above 3,740 USD may indicate a bullish trend continuation as traders observe these key price markers.
Presently, 51.58% of ETH trading volume indicates profitability, while 48.04% signifies losses at elevated levels. This narrow band around 3,337.41 USD highlights a sensitive price balance that could guide ETH’s direction.
Recent observations indicate that negative whale transactions correlate with declining ETH prices. Conversely, notable positive activities, such as 130.76 million USD flowing to Spot Ethereum ETFs, may reflect a forthcoming stabilization in price.