Ethereum has been rejected again at the critical $4K resistance area, indicating a strong presence of sellers. The price is expected to pull back to the $3.5K support area, which could present an opportunity for buyers to re-enter the market.

🔍 Technical analysis suggests that the price is stuck between $3.5K and $4K, with a possible breakout after consolidation. A bullish breakout above $4K could pave the way for further upward momentum.

📊 On-chain analysis indicates that there are significant liquidation levels in the $4K area, making this an attractive target for major players. This increases the likelihood of a bullish breakout in the medium term.