Ethereum experienced a surge of over 10% and showed impressive recovery, along with the rest of the crypto market. This has reignited investor optimism, as Ethereum approaches its yearly highs. Data shows aggressive buying activity in the futures market, with Ethereum's Taker Buy Volume reaching $1.683 billion in a single hourly candle. This demand is believed to come from profits being moved out of Bitcoin into Ethereum. Ethereum's ability to capitalize on Bitcoin's momentum solidifies its position in the market. However, Ethereum faces a crucial hurdle at the $3,550 level, which could determine its future trajectory. Breaking above this resistance could lead to sustained upward momentum, while failure could result in short-term consolidation. The market is closely watching Ethereum's next moves.



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