Ethereum (ETH) continues to show bullish momentum, recently crossing $3,600 on Binance with a 7.31% increase in the past 24 hours. This marks a steady climb, fueled by growing confidence among institutional investors and robust on-chain activity. Transaction volumes and daily active addresses have surged, reflecting increased adoption of decentralized applications (DApps) across finance, gaming, and more.
Key Highlights:
Current Price Action: ETH is trading around $3,600, with a target of $3,735 as technical indicators suggest a potential breakout. Resistance lies at $3,700, with strong support around $3,000.
Network Growth: Ethereum's ecosystem is thriving with innovations like the recent "Pectra" upgrade, improving staking flexibility and smart contract deployment.
Smart Money Confidence: Institutional and experienced investors have shown significant optimism, signaling further price growth in the coming weeks.
Stay tuned for more updates, and as always, trade responsibly!
