Ethereum (ETH) is gearing up for a price uptick as we begin a new week. Ethereum is currently trading at $3,195 and is up by 1.83% in the past 24 hours. Although Ethereum’s gains are part of a wider market rally after a rebound, the altcoin is in the best position to surge the most in the coming weeks.
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Fundamentals point to an extended price surge in the face of a looming launch of Spot ETFs. Additionally, technical indications are pointing to a bullish outlook for Ethereum as it approaches a crucial resistance level around $3,250.
Ethereum Basking In Bullish Sentiment
Ethereum is now looking to break above $3,200 after trading for the majority of the week below $3,100. Although Ethereum broke above $3,000 again last week, the king of altcoins largely consolidated between $3,000 and $3,100 in what looked like a slowdown of bullish sentiment.
However, on-chain analytics and fundamentals…
