Ethereum (ETH) is currently experiencing strong performance, trading at $1,812.13 with a daily trading volume of approximately $11.8 billion. Technical analysis indicates a bull flag pattern forming on the chart, which could signal a price rally towards $3,600. Additionally, Ethereum exchange-traded funds (ETFs) saw net inflows of $157.1 million, their highest level since February.

Fundamentally, Vitalik Buterin's recent proposal to use the RISC-V architecture is contributing to increased activity on the network, boosting investor optimism.