The price of Ethereum recently reached $3,226, reflecting a 1.8% increase in the last 24 hours. The cryptocurrency is trading above support but is approaching a decisive resistance zone of $3,300-$3,350.
Today's price behavior will be crucial, and if Ethereum closes above the ascending wedge, the bullish trend will persist. The next day, a close above $3,400 could lead Ethereum to the $3,700-$3,800 zone.
However, Ethereum could return to the $3,000 mark if it encounters resistance. There were outflows of 42.37 million Ethereum ETFs in the market, and 21Shares TETH was the only ETF that experienced inflows.
ETH
3,071.23
-4.30%