Ethereum's price increased by 6% recently, aiming for the $4,000 mark, boosted by a formation called a golden cross and an RSI at 63.6 indicating bullish momentum. Whales have resumed accumulating ETH, with wallets holding 1,000 or more ETH rising in numbers.
The RSIs' current position below 70 implies partial easing of earlier buying pressure, yet momentum remains positive. The strengthening whale activity suggests growing investor confidence, potentially lifting Ethereum's price further.
Maintaining above $3,543 is necessary to keep the positive trend; failure may invite more selling, testing levels at $3,300, $3,200, or $3,096.
