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Ethereum (ETH) Market Summary Today:

Ethereum is currently priced around $3,657.7, up about 1.8% from the previous close, with an intraday fluctuation range of $3,540 to $3,682. Recently driven by institutional funds, ETH's price has seen a weekly increase of over 20%, with record inflows into ETFs boosting bullish sentiment. Trading volume has significantly increased, and long-term holders on the blockchain have reduced selling pressure, reflecting enhanced market confidence. Additionally, short sellers have been forced to close their positions, potentially leading to the next increase of 20% in the short term, and even challenging the $4,000 mark. Technically, it has broken through the Ichimoku cloud and established important support, with bulls and bears continuing to battle in the $3,650 to $3,700 range.

Overall, Ethereum is currently in a strong upward phase, and it is advisable to pay attention to the $4,000 target resistance and changes in trading volume. $ETH