Ethereum (ETH) has experienced a major shift in momentum, transitioning from a price decline to a significant increase in a matter of hours. The formation of a bullish price action pattern on the daily time frame has garnered attention, with substantial accumulation occurring. A newly created wallet withdrew a large amount of ETH from Binance, signaling a fresh acquisition and presenting a buying opportunity. Factors such as recent accumulation, upcoming political events, and the SEC's plans regarding pending cases have contributed to a surge in ETH's price. Currently trading near $3,460, ETH has seen an 8.2% price increase in the past 24 hours, with trader and investor participation also rising. Technical analysis suggests that if ETH breaches a falling wedge pattern and closes a daily candle above $3,600, there is a strong possibility of a 15% surge to the $4,000 level. The asset's RSI indicates it still has room to increase before reaching overbought levels.



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