ETH price forecast: Ether eyes $3,400 as bullish sentiment returns

Ether's price has increased by 6% in the last 24 hours, exceeding $3,100 and outperforming other major cryptocurrencies like Bitcoin and XRP. This surge follows a market dip earlier in the week, with Bitcoin now trading above $19,000 after briefly falling below. SharpLink Gaming, a Nasdaq-listed company, has become the largest corporate holder of Ether after acquiring 74,656 ETH for $213 million and earning 94 ETH from staking last week. Technical indicators suggest Ether could potentially reach $3,437, but a drop to $3,080 is possible before a further rally. Failure to maintain upward momentum could lead to a test of $2,946, although a drop to last week's low of $2,805 is less likely. The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicate a bullish trend for Ether.