Ethereum has recorded an impressive 44% gain over the past month as its price currently sits above $3,600. This surge is driven by decreasing supply on exchanges and increasing whale accumulation, indicating strong investor confidence in Ethereum’s future. With critical resistance level set at $3,650, traders are eager to see how Ethereum navigates this challenging market terrain. Understanding the dynamics of supply and demand is crucial for effective trading strategies. Staying informed about market movements can lead to potential trading opportunities.