With a cautionary note for enthusiastic #ETH bulls, Ethereum's short-term range predicts $4,000

On the four-hour chart, the price of #Ethereum is seen trading between $3,054 and $4,095.

Before Ethereum tries to reach $4,000, a sell-side liquidity sweep is probably in order.

Ethereum (ETH) has the potential to reach a new all-time high of $4,095.

From the vantage point of breakout traders, the price of Ethereum (ETH) seems to be prepared for an upward trend. This isn't always the case, however, since clever money or market makers sometimes gather liquidity in the other direction first. As a result, bulls on ETH should be patient.

Ethereum pricing may entice traders who aren't patient

Between March 11 and 20, the price of Ethereum fell 25%, creating a range of $3,054 to $4,095. At the moment, ETH has initiated a rapid rise over the $3,574 middle of the aforementioned range.

Investors should proceed with care despite the attractiveness of this potentially turbulent move for trading. Rapid declines in the cryptocurrency market often reverse the initial burst. The objective of this course of action is to gather liquidity below critical levels. Since establishing the range low on March 20,

So, a breakthrough over $3,574 and $3,658 is probably not going to last forever; a correction may happen shortly. Assuming Bitcoin (BTC) has completed its short-term liquidity collection, a $3,461 sweep might provide as an excellent entry point for longs. If this happens, ETH will very certainly go higher, break over the $3,658 mark, and aim for a retest of the $4,000 psychological threshold. At rest, the range high is at $4,095, which may potentially be reached if selling pressure is strong; it is $95 higher than this level.

To the contrary, altcoins will likely suffer losses as a result of Bitcoin's price not recovering from its short-term liquidity run. If this happens, the price of Ethereum may go below the $3,054 area. Confirmation of the downtrend would be confirmed and the bullish thesis for $ETH would be rendered incorrect if the mentioned level