Recently, the price of Ethereum (ETH) decreased to around $3,300, establishing it as a strong support level. With increasing investor interest and network activity, Ethereum might attempt to surpass the critical resistance and reach the $4,000 target. Reports indicate a higher-than-average number of active Ethereum addresses, reflecting increased on-chain activities. This trend confirms network fundamentals and enhances Ethereum’s resilience against market fluctuations. The sustained activity demonstrates growing confidence in Ethereum’s recovery potential, preventing it from dropping below key support levels. In the past 24 hours, investors bought approximately 87,000 ETH worth around $300 million, showing confidence in Ethereum’s price recovery. Ethereum is currently trading at $3,358, above the $3,327 support level, with the $3,524 resistance level still intact. Surpassing this level could guide Ethereum towards $3,721 and then $4,000. This level serves as a psychological turning point, strengthening investor interest and network activity. On the flip side, if the $3,327 support level is breached, the price might drop to $3,000, impacting the current bullish outlook. Visit the real-time digital currency price page to monitor token and cryptocurrency prices live.
