#ETHBreaks3700 According to current situation and market sentiments price and momentum Ethereum is currently trading at around $3712 and has gained about 4% in last 24 hours. It has flactuated between the prices of $3540 down and $3714 up.

Increased ETF Interest: US spot $ETH ETFs have seen a total inflow of $2 billion since July 4th, indicating growing U.S. investor interest.

Institutional Buying: Firms like BitMine have added millions of Ethereum to their balance sheets, indicating a growing demand for "smart money," or professional capital.

Fundamental & On-Chain Indicators

Exchange Balance: The amount of ETH held by long-term investors on exchanges is decreasing. This increases the risk of a supply squeeze, supporting the price.

🔧 Technical Analysis

Moving averages: The 50-day MA (~2594USD) is above the 200-day MA (~2477USD)—a golden crossover formation is observed.