Key Notes

Ethereum reached a local high of $4,250 after two weeks of bearish consolidation.

Some Ethereum investors have already started selling the asset for short-term gains.

CoinGlass data shows a massive ETH inflow into CEXs.

The cryptocurrency market is showing strong gains after two weeks of corrections and high volatility.

The global crypto market capitalization increased by 4% in the past 24 hours, reaching $3.91 trillion with a daily trading volume of $144 billion, according to CoinMarketCap data . Moreover, the market’s fear-and-greed index also rose into the neutral zone.

With the latest push, ETH $4 166 24h volatility: 4.4% Market cap: $502.36 B Vol. 24h: $36.17 B gained 7.2% and is currently trading at $4,225. It briefly touched $4,250 ear

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