Ethereum is showing promising signs of recovery, having recently tested the $3,000 support level. Currently trading at $3,300, ETH's price has stabilized, though its performance has been mixed across different timeframes.
Over the past 24 hours, Ethereum has seen a slight decline of 1.7%. However, looking at the bigger picture, the cryptocurrency boasts a significant 45.1% gain over the past year, indicating a strong bull trend.
Multiple analysts are optimistic, predicting a potential major upside move. The current price consolidation hints that Ethereum might be gearing up for an attempt to hit the $4,000 mark in the near future.
