Ethereum's price has surged 48.19% so far in 2024, although this is overshadowed by Bitcoin's 123% gain. However, Ethereum's upward momentum is waning as indicated by a declining ADX.
Whales have increased their ETH holdings to levels not seen since September, suggesting growing confidence in Ethereum's future price potential.
Ethereum's near-term resistance at $3,523 is crucial. Breaking this could propel ETH to $4,100, but failure might lead to a pullback.
The latest whale activity points to possible price gains, highlighting bullish sentiment even amidst current market consolidation.
