Ethereum is showing strong bullish momentum, thanks to an increase in buyers. However, as the price approaches the important resistance level at $4K, the market may face a phase of correction and increased volatility.

- **Weekly Chart**: Ethereum has been on a strong upward trend, surpassing the 100 and 200-day moving averages, indicating a shift in market sentiment. The $4K level is a critical resistance point, where distribution from long-term investors may occur.

- **4-Hour Chart**: ETH price reflects the Wyckoff accumulation pattern, with the potential for continued upward movement if buying pressure persists. However, the bearish divergence on the RSI indicator warns of a possible correction.

- **On-Chain Analysis**: The $4K level contains significant liquidity, which could trigger a strong price surge if breached, as short positions would need to close. 🚀