Ethereum is back in the spotlight! 🎢 The price is fluctuating in the range of $3.5K–$4K, and after a recent bounce, the bulls are once again aiming to break the resistance at $4K. This level has proven to be a tough nut to crack, but support at $3.5K gives hope for a new surge.

The 4-hour chart shows that $4K remains a strong barrier. Despite this, buyers are not giving up, but the indicators advise caution. 🤔 Consolidation before a new breakout is quite likely.

Analysis shows that $3.5K and $4K are key liquidity zones. A breakout above $4K could trigger a cascade of short liquidations, leading to a sharp price increase. The current market dynamics suggest a possible bullish scenario.