Ethereum has experienced significant volatility recently, with whales accumulating 340,000 ETH worth over $1 billion in just 96 hours, indicating confidence in its long-term potential. Currently trading at $3,320, Ethereum is holding above the critical 200-day moving average at $3,000, suggesting a bullish structure despite recent challenges. For a renewed upward trend, bulls need to push past the $3,550 resistance level, while consolidation may occur as the market stabilizes.
