Ethereum is witnessing an increase in buying activity, finding strong support at the $3.5K level, triggering a bullish recovery. However, the resistance level of $4K remains a significant barrier that ETH buyers need to overcome in the medium term.

- **Daily chart**: After finding support at $3.5K, Ethereum has seen a notable recovery. The $4K level is now an important psychological and technical barrier that needs to be broken to maintain upward momentum.

- **4-hour chart**: Ethereum has found support at Fibonacci levels $3.2K–$3K, attracting strong buying interest, leading to a bullish recovery.

- **Onchain analysis**: The Taker Buy/Sell ratio is increasing, indicating market optimism about the possibility of ETH reaching the $4K level. 📈

Ethereum is consolidating in the $3.5K-$4K range, with the potential for a breakout in the near future. 🚀