$ETH Ethereum is experiencing a strong rally driven by exceptional trading volume. The price has surpassed $3,600 and is approaching $4,000. The high volume indicates solid demand and reduces the likelihood of an immediate correction.

Altseason could be near.

The Altcoin Season Index is at 61, approaching the 75-point threshold that signals the start of this season.

Despite the optimism, there are signs of profit-taking. Ethereum exchange netflow volume is positive, suggesting that some investors may be selling.

The technical outlook is bullish. The Parabolic SAR indicator confirms an uptrend and suggests that Ethereum could reach its yearly high. However, a decrease in bullish pressure could push the price to a lower support level.

Bottom line: Ethereum is showing significant strength, but it is important to monitor market indicators and trading volume to identify potential trend changes.