The Ethereum (ETH) price has experienced impressive growth, but still remains the second-worst performer among the top 10 cryptocurrencies. The recent rally in ETH is supported by increasing accumulation by whales and a neutral to slightly bullish sentiment. However, key resistance at $3,600 will determine whether ETH continues its upward trajectory toward $4,000. On the downside, a reversal could lead to a significant correction with strong support at $3,000 and a potential drop to $2,359. The MVRV 7D metric suggests a neutral to slightly bullish position in terms of short-term profit-taking behavior. The number of Ethereum whales holding at least 1,000 ETH is increasing, indicating growing confidence in the asset. If Ethereum breaks above resistance at $3,600, it could fuel further optimism and attract more buying interest. However, if the uptrend slows and reverses, strong support lies at $3,000, with a potential drop to $2,359.



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