Ethereum failed to break the $4K resistance again and the price started to decline. However, it reached the $3K support area and recovered above $3.5K. It is currently consolidating in the $3.5K–$4K range. 📉

There were liquidations in the futures market, but this cooled the market sentiment. This cooling could pave the way for a more sustained rise in the coming weeks. A similar situation has heralded a major rally in the past. 🚀