Ethereum is struggling to break through the $4,000 mark
Key reasons holding it back:
1️⃣ ETH/BTC at 40-month low – Bitcoin outshines ETH in ETF flows, signaling institutional preference for stability
2️⃣ Ethereum Foundation sales – Over $9.6M worth of ETH sold this year, fueling bearish sentiment
3️⃣ Rising exchange supply – 21.46M ETH on exchanges, increasing risk of sell-offs.
With major resistance at $2,800, ETH could face heavy pressure
Bulls will take charge and it’s easy $3000 from here
#ETHETFsApproved #NeiroOnBinance #CATIonBinance #DODOEmpowersMemeIssuance #BTCReboundsAfterFOMC $SOL $BTC
