<ul><li>Ethereum (ETH) price surpasses $3,400, reaching a new monthly high with a 35% increase in the past week.</li><li>Positive funding rates indicate strong buyer demand and market confidence.</li><li>Technical support levels established at $3,250 and $3,150 with resistance at $3,450.</li><li>Current price movement shows consolidation after breaking above $3,220, but market analysts warn of potential overheating.</li></ul>

Ethereum (ETH) Price Action Shows Strong Momentum as Bulls Target $4,000 Level

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