Ethereum surpasses 3,600 USD: Ethereum has reached 3,613 USD, thanks to a significant increase in trading volume. This shows strong confirmation of ETH’s price movement.
High trading volume: The trading volume of 43 billion USD daily indicates broad participation from investors, signaling real growth momentum, not just speculative activity.
Altcoin season may be approaching: The altcoin season index has reached 61/100, nearing the 75-point mark, which often indicates the start of an altcoin market cycle, suggesting additional upside potential for alternative cryptocurrencies.
Technical analysis supports upward trend: The parabolic stop and reverse (SAR) indicator shows a sustainable upward trend. There is potential for ETH to challenge resistance at 3,669 USD before aiming for the year’s peak of 4,093 USD.