Crypto Blog
Ethereum’s price is in a critical zone near $4K, facing resistance but also showing signs of consolidation. While the market remains bullish overall, short-term fluctuations within the $3.5K-$4K range are expected before a potential breakout or deeper pullback.
After the correction, the market entered a period of low volatility, suggesting a short-term consolidation phase. This phase could last within the $3.5K-$4K range as buyers and sellers reach a standoff. The RSI indicator’s bearish divergence supports the notion of an overbought market, reinforcing the likelihood of this corrective stage.
The failure at the $4K resistance zone has led to a period of consolidation, with the asset hovering just below this critical level. The lower boundary of the ascending channel, currently around $3.7K, provides short-term support. If the price continues to maintain it, a bullish surge toward the $4K threshold is likely.
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