The price of Ethereum has risen, but it has not exceeded its highest level recently.
The price of Ethereum saw a significant increase after the approval but has not surpassed its recent high.
On the daily time frame, the price broke above the large bearish channel in May. However, it has consolidated between the $3,600 and $4,000 levels since then, failing to continue its upward trajectory. Despite this, the RSI is still showing values above 50%, indicating that the momentum appears to favor a further continuation beyond the $4,000 resistance level.
I expect it to continue rising to 3870 and then to 3900, and it will soon break the $ETH resistance
