#ETH

📉 Ethereum Rejected at $4K — Pullback Begins

Ethereum slipped after nearing the $4,000 resistance, pulling back to around $3,530 as investors begin profit-taking. The rally had pushed ETH to a 7-month high of $3,745, driven by strong accumulation, with 317,000 ETH withdrawn from exchanges in July.

However, the NUPL indicator shows ETH entering a potential reversal zone. If support at $3,530 fails, the price could drop to $3,131. Bulls must hold key levels to keep the uptrend alive.