The price of Ethereum (ETH) has not performed as well as other major cryptocurrencies this year, with only a 32% increase compared to Bitcoin's 112% and Solana's 115% gains. Among the top 10 coins, Ethereum has shown the least growth, outperforming only Avalanche. This underwhelming performance suggests growing uncertainty around ETH, as whale activity and net exchange flows indicate cautious investor sentiment. Fluctuations in Ethereum's net flow from/to exchanges have been observed, with a recent reversal from positive to negative indicating a bearish sentiment. The number of Ethereum whales holding at least 1,000 ETH has also fluctuated, indicating uncertainty among large holders. Additionally, there is a potential bearish signal known as a death cross if Ethereum's short-term EMA lines cross below the long-term lines. However, if renewed confidence from whales emerges, ETH price could increase and potentially reach resistance levels at $3,219 and $3,448, offering a potential upside of around 15%.



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