**News Flash: Ethereum, the Tired Bull? 🐂**
- Ethereum seems to be taking a "vacation" from new price records. After failing to break through the $4,000 mark, ETH is now stuck below $3,500. Is this a sign of the bulls getting tired?
- On the daily chart, ETH had bounced back from the $2,300 level, but had to accept being rejected at $4,000. Now, $3,500 is the line of defense that must be broken through.
- On the 4-hour chart, a double-top pattern has emerged, indicating the potential for further correction. The RSI is also showing bearish momentum, so maybe ETH needs a break before running again.
- Sentiment analysis shows selling pressure from the futures market is the culprit of this correction. As long as this pressure continues, ETH's journey could be more challenging.
What do you think? Will ETH bounce back or does it need more coffee? Comment below!