The trading stability above the main moving averages (EMA 50 and 99), and the appearance of a golden cross on the daily chart, is considered a strong bullish signal. Momentum indicators like RSI and MACD continue to support the upward trend, with some indications of a potential short-term correction due to their proximity to overbought areas. On the fundamental side, the total value locked (TVL) on the Ethereum network continued to grow by nearly 6% over the past month, parallel to positive institutional flows towards Ethereum-backed ETF funds, reflecting increasing confidence from major investors in the network's future. Additionally, large traders' (whales) wallets recorded significant withdrawals from exchanges, amounting to nearly 45,000 Ethereum, indicating reduced selling pressure and a shift towards long-term storage.