$ETH
Ethereum has shown signs of recovery since the rebound in 2023, although it is weaker compared to Bitcoin.
Recently, it has surged to 4000 USD and broken through the long-term resistance line, showing potential for a strong recovery.
Current price is 3846, close to the 4000 USD mark,
which has previously triggered multiple pullbacks,
therefore, a complete breakout above the 4000-4100 area
is necessary to further open up the upward space, possibly testing 4500 USD or higher prices.
Key support below: around 3500. If the price pulls back to this level and stabilizes,
it would be wise to pay attention to signs of a bottoming out and consider positioning for a buy; if this support area is broken,
one should be cautious in the short term and consider staying on the sidelines waiting for better buying opportunities.
