Currently, the Ethereum price is around $2,570. The forecasts for growth above $3,900 remain unclear in the near future. Recent price movements indicate mixed sentiment in the market. On the one hand, Ethereum was able to recover above $2,500 due to increased interest from investors. However, it is worth noting that the Ethereum Foundation continues to actively sell its ETH reserves. They recently sold tokens worth about $763,000, which may indicate caution from major market players.

As for the sentiment among traders, a more confident growth requires a positive signal, such as an increase in the funding rate. If this indicator rises, it could trigger a new bullish trend for ETH, but at the moment there are no such signals.

For investors, this could be both a long-term investment opportunity and a short-term risk. If Ethereum manages to break through the $3,000 resistance level, further gains can be expected. However, without this breakout, consolidation at current levels is possible.