Ethereum's price struggle has caught attention as it faces challenges around the $3,721 resistance level, a milestone in its recovery towards December 2024's high of $4,107. Investor sentiment is mixed, with renewed supply confidence yet ongoing uncertainties.
Holding has grown among short-term investors. Despite the drops, they seem optimistic about potential recovery, though some liquidations are driven by fear of further corrections.
Ethereum hovers around $3,336, failing to push past the $3,721 resistance. This has led to consolidation between $3,524 and $3,327, a historic stabilizing range conducive to future momentum. Overcoming these barriers could set Ethereum up for a significant rally.
If Ethereum harnesses positive sentiment, it might bounce back to solid support at $3,721, challenging bearish views and edging towards its previous peak of $4,107.
Quelle: beincrypto.com ↗