Ethereum (ETH) is up 6% on Wednesday after bouncing off the support level near $3,550.
Ethereum price today: $3,800 Ethereum ETFs stretched their inflow streak to 12 consecutive days as whale holdings grew by 340K ETH. ETH options suggest a neutral market despite the bullish sentiment across the spot market. Ethereum eyes move toward a new yearly high after bouncing off the $3,550 level. Ethereum is up 6% on Wednesday after bouncing off the support level near $3,550.
However, a failure to move above this resistance will establish it as a major selling level for traders and send ETH toward the support level near $3,550. The Relative Strength Index is above its neutral level and trending upward, indicating rising bullish momentum. A daily candlestick close below $3,550 will invalidate the thesis. Ethereum FAQs What is Ethereum? Ethereum is a decentralized open-source blockchain with smart contracts functionality.
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