Ethereum’s price has surged 48.19% this year; however, the Average Directional Index (ADX) fell from 46 to 27, indicating weakening momentum. Whale addresses holding over 1,000 ETH have increased to 5,631, signaling market confidence.
Currently, key resistance for ETH is at 3,523 USD. A breakthrough above this level could lead to targets of 4,100 USD. Conversely, failure to surpass this mark may test lower support at 3,256 USD and 3,096 USD.