#$ETH Crypto: Investors are accumulating Ethereum before the next price surge

As the price of Ethereum oscillates around a crucial level of resistance, savvy investors are seizing this final opportunity to accumulate the crypto before its price potentially soars. Indicators are converging to suggest that a powerful bullish rally could begin shortly.

A crucial resistance level to overcome

The crypto market frequently holds exceptional opportunities for the savviest investors. This is precisely what is currently looming on Ethereum ($ETH ). 

Although the crypto is currently experiencing a decline of around 2%, this correction phase could represent the last window to position itself at a lower cost before a potential major rebound, according to recent analyses.

Indeed, if the price of Ethereum manages to cross the key resistance located around $3,700, it could trigger a powerful bullish rally, according to renowned analyst Milkybull. The expert even emphasizes that this price zone could constitute the last window to strengthen in $ETH at relatively low levels during the current bullish cycle.

Technical indicators seem to corroborate this scenario with increasing signals in favor of strong latent buying pressure. In support of this thesis, the Coinbase Premium Indicator for Ethereum shows a sustained downtrend, suggesting low selling pressure among US investors, often seen as a reliable barometer of upcoming trends. Although the crypto is currently undergoing a pullback of around 2%, this correction phase could represent the last window to position yourself at a lower cost before a potential major rebound, according to recent analyses.

Indeed, if the price of Ethereum manages to cross the key resistance located around $3,700, this could trigger a powerful bullish rally.