The current price of Ethereum (ETH) is $3,038.03, which has increased by 3.43% in the last 24 hours. The immediate support level for the ETH/USDT pair is seen at $2,940-2,942, and there is a resistance level at $2,950.
A notable piece of news is that a large Ethereum holder (whale) has opened a leveraged short position of 20,000 ETH (approximately $58.44 million), indicating a bearish sentiment towards Ethereum.
The price of Ethereum has increased by 7% over the past week, and it is currently trading above the $3,000 level.
