Ethereum’s price rose to $3,649 today, thanks to big buyers. These big investors bought a lot of Ethereum, making its price jump from the start of the day at about $3,497 to its current price.
The jump to $3,649 shows more than a 7% increase. This rise is because more people are buying and selling Ethereum now. People think the price went up partly because they expect a new Ethereum ETF to be approved. This ETF could make Ethereum’s price go up even more. There’s also excitement about the Dencun Upgrade, which could make Ethereum work better.
The market data shows many people are buying Ethereum now, especially around the $3,503 mark. With the price reaching $3,649 today, Ethereum has gone past important levels that it struggled to get over before. This has made people talk about whether its price will keep going up and reach new steady levels.
Ethereum’s price has gone past a tough point and is now above $3,497. This shows that people believe Ethereum’s price could keep rising. In the last day, Ethereum’s price managed to get past a hard level and is now at $3,638.66. It started the day near $3,285 and quickly went up. This rise pushed it past the old high point, making it trade above $3,497.
Now, Ethereum is doing better than its 10-day Exponential Moving Average (EMA), which traders think is a good sign for its price in the near future. The Stochastic RSI, a tool to see if the price is too high or too low, shows there’s a lot of buying happening. The Moving Average Convergence Divergence (MACD), which traders use to guess where the price will go, shows a bullish sign, meaning the price might go up because the MACD line is above the signal line.
Ethereum’s current price shows that investors and traders have a lot of faith in where it’s going in the short term. After hitting a high of around $3,409, Ethereum’s price faced some selling, but it’s still above the important $3,497 mark. If Ethereum stays above this level, it might mean we’re entering a time when its price will keep going up, aiming for the next resistance level at $3,460.