📊💰 Ethereum's price is playing a game of tug-o-war between $3K and $3.7K. Despite a dip towards $3K, it's been holding steady in this range.

- The $3K mark is a significant support level, aligning with key Fibonacci retracement levels and the 100-day moving average.

- The price has rebounded, pushing towards the upper boundary of $3.7K.

However, resistance at the upper boundary suggests sellers are lurking. 🧐

The 4-hour chart reveals a sideways wedge pattern, hinting at a possible continuation of the bullish trend.

- Ethereum faced rejection at $3.7K, triggering a slight retracement.

- The price has returned to the broken level of the wedge, hinting at a potential upswing towards $3.7K.

On-chain analysis shows investors withdrawing ETH from exchanges, indicating spot buying pressure. This could lead to a more sustainable uptrend. 🚀

What's your take on this? Bullish or bearish? Comment below! #Ethereum #DeFi #CryptoNews