Ethereum’s native token, Ether, has seen a price increase of 9.65% in the past 24 hours, consolidating between $3,000 to $3,250. This comes as Ether breaks above the 50-day EMA on the 4-hour chart and targets a resistance level at the previous local high of $3,449. Traders have established strong demand for Ethereum around the $3,000 mark, with significant whale activity noted, including one address accumulating 27,000 ETH. Additionally, a golden cross is forming on the daily chart, which historically indicates the start of a strong uptrend, with previous instances marking gains exceeding 100%. Analysts suggest that if the current breakout continues, Ethereum could revisit the ~$3,700 resistance level.

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