Ethereum (ETH) is experiencing resistance in its price surge, even as Bitcoin (BTC) reaches the $100K milestone. Such resistance is potentially hindering ETH's journey towards the $4,000 mark. Current market indicators like Open Interest and momentum note a lack of driving force, implying a probable price correction ahead of any upward revision toward $4,000.
The current trading landscape sees many altcoins rebounding dramatically, indicating a volatile market scenario. Ethereum, however, struggles to capitalize on this trend, remaining vulnerable to potential downturns, despite positive movement in other cryptocurrency values.
