Ethereum's prelude to breaking through the clouds: aiming at $4,000, but the calm before the storm?

Ethereum (ETH) is galloping towards the $4,000 milestone, and its dominance compared to other cryptocurrencies cannot be underestimated. However, ETH has recently encountered setbacks near the $3,900 mark, and the market seems to have entered a brief period of stagnation. But is all this just the calm before the storm?

In the previous offensive, ETH has successfully broken through several key resistance levels, but unfortunately it was blocked near $3,900. This area has become a stumbling block on its way forward and triggered a small correction recently. Currently, the price seems to be trapped in a consolidation pattern near $3,850.

However, judging from some technical indicators, Ethereum seems to be accumulating strength. Trading volume remains high, showing the enthusiasm and activity of traders. All this indicates that ETH may be preparing for a new round of offensive.

But to truly reach the $4,000 target, ETH must break through this key resistance of $3,900. This is a crucial test, and if successful, it will clear the way for its higher goals. But if the market sentiment turns pessimistic, the downside support level will be tested and may face the risk of falling to $3,750 or even $3,500.

In this battle of cryptocurrencies, can Ethereum break through the clouds or suffer a Waterloo? Let's wait and see!

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