$ETH
Ethereum (ETH), teasing the $4000 level, riding a series of bullish technical patterns and increasing optimism on market sentiment. Priced at around $2,513 at the time of press, ETH has established a "bullish mark" on the daily chart, a pattern that typically indicates a continuation. So if the momentum continues, there could be something like a crowd of 56% from here on the cards.
On-chain indicators suggest a significant decline in ETH being deceived on exchanges, with the metric dropping to a historic low. This is like a strong confidence trend and also a lack of selling pressure.
What is also worth noting is the recent Ethereum improvements in the Pectra upgrade and UX, which have brought more investors to the table. Analysts indicate that a key close above the $2800 resistance level could open the path for ETH to test the $4000 area. However, investors should be cautious of potential market corrections and should closely monitor key support levels.
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