CandleFocus

Ethereum Eyes $3700 Target Amid Smart Money Influx

Author: Content Editor
Summary: Ethereum has demonstrated a trading pattern reflecting both investor caution and bullish potential. The price surged through resistance near $2,650 and is approaching a crucial zone at $3,200. If Ethereum can break above $3,200, it could advance towards $3,700, but failing to hold above these levels may lead to a retracement to $3,000. Recent data shows a robust increase in daily active users and transaction counts on the Ethereum ecosystem, indicating continued growth and vitality. This suggests a bullish outlook for Ethereum, contradicting claims of obsolescence. Smart money sentiment is highly positive, indicating confidence from seasoned investors and potentially signaling upcoming price movements. There is growing anticipation that Ethereum could push towards a higher target of $3,700.

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