Ethereum is fluctuating in the important range of $3.5K–$4K, with the recent price finding support near the $3.5K level. After recovering, the bulls are trying to push the price up to the resistance level of $4K.

- **Daily Chart**: Ethereum's upward momentum is facing resistance at the $4K level, leading to a price decrease to $3.5K. However, strong buying activity has triggered a new price increase, targeting the $4K threshold.

- **4-Hour Chart**: ETH was strongly rejected at $4K but found support at $3.5K. The bullish momentum has brought the price back near the resistance level of $4K.

- **Onchain Analysis**: The $3.5K and $4K levels are important liquidity zones. If it breaks above $4K, ETH could trigger a strong price increase. 🚀