Ethereum

bullish

Resistance

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/ethereum-price-faces-resistance-near-4000" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ethereum Price Faces Resistance Near $4,000</a><br></p>
<p style="text-align: justify">Ethereum’s recent price recovery has run into formidable resistance at approximately $4,000, prompting market watchers to predict a bullish trend. While ETH hovers around the $3,900 mark, there is cautious speculation about possible pullbacks. Nevertheless, blockchain analytics reveal underlying strength, suggesting that a positive trajectory may be on the horizon.</p>
<h2 id="what-support-levels-are-critical-for-ethereum">What Support Levels Are Critical for Ethereum?</h2>
<p style="text-align: justify">A critical support range identified for Ethereum lies between $3,700 and $3,810. This zone is noteworthy, as nearly 3 million wallets have collectively purchased 4.6 million ETH in this price range.</p>
<h2 id="are-on-chain-metrics-sending-positive-signals">Are On-Chain Metrics Sending Positive Signals?</h2>
<p style="text-align: justify">Recent on-chain data indicates a surge in healthy metrics for Ethereum, with a remarkable 4.24% rise in active addresses and a 2.65% increase in new address creation. This uptick, alongside significant activity from larger holders, hints at potential price increases.</p>
<ul>
 <li>Ethereum’s realized market value is poised for growth, aligning with historical patterns.</li>
 <li>The influx of capital into Ethereum ETFs, especially BlackRock’s Ether ETF, underscores investor optimism.</li>
 <li>The ETH/<a href="https://en.bitcoinhaber.net/microstrategy-issues-700-million-in-new-bonds" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a> ratio shows signs of substantial upward movement, potentially climbing to 0.39.</li>
</ul>
<p style="text-align: justify">Currently, Ethereum is priced at $3,927, marking a 1% increase and maintaining a market capitalization of $473 billion. As liquidations rise to $16 million over the last 24 hours, traders are advised to keep a close eye on market dynamics. The interplay of on-chain metrics and ETF investments offers critical insights into Ethereum’s future performance.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/ethereum-price-faces-resistance-near-4000" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ethereum Price Faces Resistance Near $4,000</a></h5>

Ethereum Price Faces Resistance Near $4,000

Table of Contents

BH NEWS

Other articles published on Dec 14, 2024

XRP ETF Speculation: BlackRock’s Stance and the Road Ahead

Bitcoin-Focused MicroStrategy Joins Nasdaq 100: What Does It Mean?

Sui Partners with Ant Digital Technologies on its RWA Project

Cynthia Lummis Supports Scott Bessent for Treasury Secretary and Strategic Bitcoin Reserve Plan

AI Agents Empowered by Morpheus and Their Role in Advancing Avatar Intelligence (Part 3)

New Cryptocurrency Releases, Listings,& Presales Today – Dayhyb, Casper AI, xHaven

Join our free newsletter for daily crypto updates!