**Ethereum: Ready to Fly Again? 🚀**
- After being rejected at the $4K resistance level, Ethereum has returned to the $3.5K support, like returning home to an ex. But, this time there's a surprise! Buyers are coming in droves, bringing ETH back closer to $4K.
- If ETH manages to break through $4K, we could see a "short-squeeze" that will make the price fly higher. But, if it fails, get ready for ETH to play hide-and-seek between $3.5K and $4K.
- On the 4-hour chart, ETH is moving in an upward price channel. If it can break through the $4K resistance, get ready for ETH to reach its ATH again!
- On-chain analysis shows a surge in buying interest, with funding rates rising. This is a sign that the market is starting to be optimistic again.
What do you think? Will ETH break through $4K? Let's discuss in the comments column!