Despite Bitcoin’s sell-off to $65,000, ETH continues to show strength, and bulls appear to be strengthening at the $3,500 level.
Ether (ETH) dropped to a low of $3,363 on June 16 after slipping 15% from $4,000. The second-largest cryptocurrency by market capitalization is down 4% over the last seven days.
Data from Cointelegraph Markets Pro and TradingView show Ether’s price hovering around $3,518, about 14% below its multi-year high of $4,091 set on March 12.
Accompanying Ether’s decline is a 43% leap in daily trading volume, currently at $14 billion, reinforcing the high sell-side activity.