📈🚀 Ethereum's price is showing bullish signs after a dip below $4,000. The crypto is climbing back above $3,000, hinting at a potential breakout.

- Daily chart shows ETH making lower highs and lows in a descending channel.

- However, it's now testing the midline of the channel.

- A successful recovery could lead to a breakout and a run towards $4,000.

The 4-hour chart paints a clearer picture:

- ETH has just broken through the $3,000 resistance zone.

- With the RSI above 50%, a push towards the $3,600 resistance area is likely.

Sentiment analysis reveals:

- Following a price drop, many futures traders have liquidated or reversed their long positions.

- This has cooled down the futures market, which could be a bullish sign.

- Low but positive funding rates suggest demand is still there and a price rally could be imminent.

What are your thoughts on ETH's price action? 🤔💬 #Ethereum #CryptoNews #DeFi