Ethereum ( $ETH )

For the past two weeks, ETH has been hovering around $3,800. However, this consolidation under the key resistance at $4,000 might end with explosive volatility.

The current bias on this price action is bullish and maybe just a pause before Ethereum resumes its uptrend. This will be confirmed as soon as the $4,000 level turns into a key support. So far, buyers always came when this cryptocurrency dropped under $3,800 which is acting as a support.

Looking ahead, market participants are getting impatient as they anticipate the next major move for Ethereum. If Bitcoin breaks above its current all-time high at $74K, then Ethereum will likely follow it and make new highs as well.

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Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a professional before making any investment decisions.
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