Ethereum is on the rise again! 🚀 After a pullback to $3.5K, buyers have returned, pushing the price back to the resistance at $4K. If this level is broken, we are in for a short squeeze and a possible price increase. However, $4K is also a supply zone, and a failure could lead to consolidation in the $3.5K-$4K range.

The futures market is showing an increase in long interest, which is strengthening the bullish sentiment. Keep an eye on the $4K level! 📈