The article discusses the current price trend of Ethereum and its potential for a continued rally. Ethereum is gradually gaining momentum and preparing for a breakout above $3,400. The total crypto market cap, excluding Bitcoin, has also seen a surge this week, indicating growing interest in altcoins. Ethereum ETFs have recorded significant inflows, suggesting increasing institutional support for the cryptocurrency. However, Ethereum faces resistance from the 20 EMA and 50 EMA, but if it can break through these levels, it could potentially reach $4,000. On the downside, the 200 EMA is expected to provide strong support near $3,120.



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