📢Crypto enthusiasts, listen up! Ethereum's price is playing hard to get, refusing to break above the $4,000 resistance level. But don't fret, ETH is showing some serious resilience in the current correction phase compared to other coins!💪

Looking at the daily chart, ETH's price has slipped back to $3,500 after another rejection from the $4,000 level. But hey, the $3,500 mark is holding strong, preventing a further decline toward $3,000.🛡️

However, if the $3,500 level does break, we might see a quick move toward the $3,000 support zone and the nearby 200-day moving average. This makes the $3,500 level a key player in deciding the market's future moves.🔮

In the 4-hour timeframe, the price has been dancing around the $3,500 level. A classic chart pattern is forming around this zone, but the price has yet to decide which way to break. The RSI is also hovering around 50%, indicating a momentum equilibrium.⚖️

Ethereum's open interest on all exchanges has spiked from around 7 Billion to almost 13 Billion since ETH’s price recovered from the $3,000 support level. This increase has likely contributed to the recent recovery. But, more downsides are possible with the Open Interest still much higher than in March when ETH was trading around the same prices.📈

So, keep your eyes peeled, folks! The crypto market is full of surprises! 🎉