According to CryptoPotato, Ethereum's price is showing signs of recovery after failing to break the $4,000 resistance level. The cryptocurrency has been making lower highs and lows within a descending channel, but is now climbing back above the $3,000 level and the midline of the channel. If the market successfully recovers back to these levels, a breakout above the channel and a continuation toward $4,000 and even higher prices can be anticipated.