Ethereum is currently trading at $3,130, having previously peaked at $3,434, indicating a level of resilience amid market fluctuations. This stability is prompting bullish sentiment among investors, pointing towards a potential rally.
Exchange inflows for Ethereum are diminishing, which is contributing to the bullish outlook. Reduced selling pressure suggests traders are holding onto Ethereum with the expectation of future price increases.
If current trends continue, Ethereum could target a rally towards $3,600. The decrease in selling pressure and increased holding sentiment are pivotal for this potential upward movement.
