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Ethereum Eyes $4K Resistance After Bullish Rebound 💥🔝
Ethereum (ETH) has recently bounced back strongly, finding solid support at the $3.5K level and triggering a bullish rally. 💹 However, the $4K mark remains a critical resistance point that buyers must overcome to continue the upward momentum.
📊 Technical Overview
ETH is consolidating between $3.5K and $4K, with a breakout above $4K paving the way for further gains. If ETH successfully breaches this resistance, we could see a fresh rally. If rejected, consolidation or a pullback may occur. The key support zones at $3K-$3.2K also remain pivotal for potential rebounds. 🔑
📈 Onchain Sentiment
The Taker Buy/Sell Ratio indicates strong bullish sentiment, with buyers dominating the futures market. This suggests growing optimism for ETH reaching $4K in the short term. 🚀
Ethereum’s next move hinges on how it reacts to the $4K resistance—can it break through or will it face further consolidation?
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