Ethereum, the second-largest cryptocurrency, experienced a dynamic trading session, showcasing its resilience in the face of market challenges. Despite initial bullish sentiment, the digital asset encountered strong resistance at key price levels, leading to a fluctuating price trend.

The article delves into the intricacies of Ethereum's trading activity, highlighting the cryptocurrency's journey through the day. Starting with a surge to a peak of $3,432, Ethereum soon faced a sharp decline, leading to a stabilization within the $3,375 to $3,400 range. This volatility was characterized by notable support and resistance levels, with $3,375 and $3,350 emerging as crucial support zones, while $3,400 and $3,432 proved to be formidable resistance barriers.

The impact of the SEC's ETH 2.0 investigation closure on the price was mixed, with a sharp decline following initial optimism. However, the article highlights the ongoing institutional interest and market liquidity, as evidenced by significant whale transactions to Coinbase.

Despite the day's fluctuations, Ethereum's market capitalization remained substantial, standing at $406.72 billion, with a trading volume of $11.47 billion over 24 hours. The volume-to-market-cap ratio remained relatively stable, indicating active trading activity amidst the price movements.

In summary, Ethereum's trading day showcased its resilience and adaptability in the face of market challenges. The digital asset's ability to navigate through the peaks and troughs, while maintaining its position as a leading cryptocurrency, underscores its significance in the ever-evolving digital asset landscape.