Ethereum Price Climbs 3%, Driven by Positive Technical Indicators and DeFi Growth

Ethereum’s price has surged by 3% in the past 24 hours, reaching $3,857.27 as of 1 a.m. EST. This rise comes alongside an increase in market sentiment, with the Crypto Fear & Greed Index climbing to a ‘fear’ level of 33 from 29 just yesterday. Despite a decline in trading volume, key technical indicators suggest positive momentum for Ethereum. On-chain activity, particularly across seventy-six major Ethereum-based tokens, has reached an all-time high, indicating robust network usage and renewed investor confidence. Ethereum is outperforming some peers as buyers step in around crucial support levels, suggesting sustained price recovery.