Ethereum is trading near $3,576, down about 1.8% intraday, with a high around $3,730 and low near $3,567.

Brief highlights:

ETH has reclaimed the $3,600 level after a swift two-day rebound, briefly breaking above $3,700 before hitting resistance .

Institutional activity remains strong—over $93 million moved into fresh wallets via FalconX and Galaxy Digital, and one whale bought $232M in ETH in a single trade .

Exchange reserves have dropped to 2025 lows, signaling reduced sell pressure as longtime holders accumulate .