However, it has been performing quite well even in the recent past when the market trend was bearish. At the time of writing, ETH is trading at around $3,492 and has been range-bound but is likely to break through $3,582. Establishing this as a support level may open the door to a rise to $3,700. Given that 87% of the circulating supply is profitable at the moment, there is still potential for increasing before reaching the critical 95% market top. This suggests that Ethereum has not reached its peak, leaving room for more gain in price. Those who are still holding onto their ETH are probably anticipating a rise, which may lead to a breakout from the consolidation pattern.
sekar nallalu Cryptocurrency,Ethereum,Latest News,Price Analysis Ethereum Price Analysis: ETH Sees Surge in Activity, Is it Poised for Price Rebound Soon?