$ETH In today's operations, the ETH/USDT candle shows stability above the support level of 1700 dollars, reflecting a consolidation in price despite market volatility. Technically, Elliott wave analysis indicates the end of the correction phase and the beginning of a bullish wave (wave 3), with a potential price target of 2478 dollars as long as the price remains above 1380 dollars.

On the contrary, the coin faces resistance at the level of 1800 dollars, which is the barrier that, if broken with a strong daily close, could open the door to a new bullish movement. Technical indicators are diverse, leading traders to observe the movement closely.

Fundamentally, accumulation directions have increased significantly, with more than 1.11 million ETH purchased over the past week, reflecting the entry of institutions or large investors into the market. One of the whales recently bought 1291 ETH for a value of 2.28 million dollars at a price of 1768 dollars, reinforcing market confidence at these levels as buying opportunities.