Ethereum investors purchased $300 million worth of ETH in 24 hours, indicating strong confidence in the price of Ethereum recovering to $4,000.
The momentum of active addresses has exceeded the annual average, reflecting an increase in network activity and solidifying ETH's support level at $3,327.
Breaking the resistance level of $3,524 could potentially push ETH up to $4,000, but falling below $3,327 may lead it down to $3,000, challenging the bullish outlook.
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