Ethereum's Price Volatility: A 30% Upside Awaits as Transaction Volumes Surge

Ethereum's price currently ranges between $2600 and $3300, reflecting recent market volatility. Over the past week, ETH has decreased by 12%, and over the past month, it has dropped by 24%. However, the 6-month price change shows an increase of 19%, indicating long-term growth potential. The Relative Strength Index stands at 52.72, suggesting neutral market sentiment. With the MACD level positive at 8.08 and the Stochastic at 68.66, bullish momentum may be building. If Ethereum breaks through the nearest resistance level at $3705, it could target the second resistance at $4390, a potential increase of over 30% from current prices. According to NOW Wallet, transaction volumes for Ethereum have notably increased, and ETH can be held on NOW Wallet with no registration and no hidden fees.