Ethereum (ETH) Heading Below $4K?
Ethereum is up 1% over the past week, and its price looks set to break out of the $3.1K area. For a brief moment, Ethereum looked poised to break $3.4K earlier this week, but it soon faced rejection as Ethereum sellers stepped in to push the price back down.
There are signs that Ethereum holders are returning to the chain, as on January 25, 206,000 new wallets were created – the largest network growth since 2022. Ethereum remains the most prominent player in the DeFi space, despite competition from rivals like Solana. Any short-term dips below $3K will be quickly bought, so traders should set their bids accordingly.#PolkadotETF $ETH
