📈🚀 Ethereum's price is showing bullish signs after a dip b

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📈🚀 Ethereum's price is showing bullish signs after a dip below $4,000. The crypto is climbing back above $3,000, hinting at a potential breakout. - Daily chart shows ETH making lower highs and lows in a descending channel. - However, it's now testing the midline of the channel. - A successful recovery could lead to a breakout and a run towards $4,000. The 4-hour chart paints a clearer picture: - ETH has just broken through the $3,000 resistance zone. - With the RSI above 50%, a push towards the $3,600 resistance area is likely. Sentiment analysis reveals: - Following a price drop, many futures traders have liquidated or reversed their long positions. - This has cooled down the futures market, which could be a bullish sign. - Low but positive funding rates suggest demand is still there and a price rally could be imminent. What are your thoughts on ETH's price action? 🤔💬 #Ethereum #CryptoNews #DeFi

📈🚀 Ethereum's price is showing bullish signs after a dip below $4,000. The crypto is climbing back above $3,000, hinting at a potential breakout. 
- Daily chart shows ETH making lower highs and lows in a descending channel. 
- However, it's now testing the midline of the channel. 
- A successful recovery could lead to a breakout and a run towards $4,000.
The 4-hour chart paints a clearer picture:
- ETH has just broken through the $3,000 resistance zone. 
- With the RSI above 50%, a push towards the $3,600 resistance area is likely. 
Sentiment analysis reveals:
- Following a price drop, many futures traders have liquidated or reversed their long positions. 
- This has cooled down the futures market, which could be a bullish sign. 
- Low but positive funding rates suggest demand is still there and a price rally could be imminent. 
What are your thoughts on ETH's price action? 🤔💬 #Ethereum #CryptoNews #DeFi