Based on the chart and current Ethereum news, the following can be noted:
1. Technical analysis: The chart shows an uptrend with the formation of local tops and support levels. This may indicate a potential continuation of the growth, unless significant resistance arises at key levels, such as $3600-$3700. Analysts also pay attention to a possible “bull flag”, which may signal a breakout upwards, provided that the trading volume is stable.
2. Fundamental factors:
• Whale activity (large investors) is decreasing, which may restrain the rapid price growth, but any return to their active purchases will be a strong positive signal.
• Funding and market sentiment: Most traders are currently opening long positions, but overly positive expectations may cause a short-term correction.
3. Forecast for the coming days:
• Stable growth is expected to levels around $3600, if support holds.
• A breakout above $4000 is possible, but only if funding stabilizes, whale activity increases, and positive sentiment in the market remains
