Ethereum's price is experiencing mixed sentiments, with a strong pullback noticed around the $3.5k range. Despite the setback, technical indicators such as the daily EMA suggest a potential Golden Cross, indicating possible bullish recovery in the near term.
There is optimism in the market for Ethereum, which might push its price toward the $4k mark before the end of the year. The largest altcoin by market capitalization experienced a $333 drop over the last four trading sessions, raising concerns among investors.
The main focus remains on whether Ethereum can maintain the momentum necessary to break the $4k barrier, driven by market movements and technical analyses. Investors watch closely for signs of a recovery among ongoing fluctuations in Ethereum’s valuation.
