Ethereum (ETH) is trading around $1,794 today, down by about 0.30%. The price is consolidating between $1,790 and $1,850, with a bullish engulfing pattern hinting at possible upward momentum. A whale recently bought 30,000 ETH worth $54 million via Wintermute's OTC desk, showing strong institutional interest. Increased ETH staking activity further supports a positive outlook. The current Fear & Greed Index stands at 61, indicating 'Greed,' which suggests optimism but also warns of potential volatility. Overall, Ethereum appears poised for growth, but investors are advised to stay alert to broader market movements and macroeconomic trends.
