#MarketPullback

Ethereum’s price may remain range-bound between two key psychological levels in the near term as it continues to face difficulty holding above the $4,000 price level, according to a crypto analyst.

“Ethereum continues to struggle with the psychological resistance of $4000,” pseudonymous crypto trader Rekt Capital said in a Dec. 20 market report. Over the past 30 days, Ether has climbed above $4,000 several times, with a peak of $4,077 on Dec. 6, but hasn't been able to hold the price level, according to CoinMarketCap data.

ETH may consolidate between 2 psychological levels

Rekt said that $3,000 has now become "psychological support,” for Ether (ETH), a level that Ether last touched on Nov 9. Before that, Ether had been trading below $3,000 since Aug. 3.