In summary, the crypto market is experiencing a bullish sentiment with the global market cap reaching $2.99 trillion and Bitcoin hitting a new all-time high of $93.4K. However, Ethereum is struggling to break the $3.5K mark and is facing obstacles at $3,260. Analysts predict that an upside movement in Ethereum could fuel the upcoming altcoin season. Whales are actively accumulating Ethereum, with one adding 7,389.5 ETH to their wallet. Technical analysis suggests a brief negative sentiment in the market, but the Chaikin Money Flow indicator hints at a possible upside correction. The daily trading volume of ETH has decreased, and the daily RSI indicates a neutral market sentiment. Ethereum's four-hour price chart indicates a potential downside correction, with the $3K mark serving as a crucial support level. If the asset can stay above $3.2K, it could climb to the $3.5K mark.



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