Ethereum has seen a 3% rise in addresses holding more than 10,000 ETH over the last three weeks, indicating increased buying pressure. Ethereum’s current price stabilizes around $3,700 and could aim for $4,000 if it stays above $3,650. According to on-chain data, the community has growing enthusiasm following the SEC’s approval of Ethereum ETFs, and social sentiment stabilizes before trading begins. Analyst Caled Frazen notes that Ethereum’s current price patterns mirror those seen before an 83% rally in 2021. Although there is a modest decline in open interest, this trend may suggest a bullish recovery.
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