After reaching highs around $4,000, ETH entered a phase of sideways movement between $2,200 and ~$4,000. Such consolidation often indicates accumulation of strength before a new move.

THERE IS AN OPINION🔷 WHY #ETH RECOVERED?
The situation on Ethereum is unclear to many. Since the middle of last year, holders have complained about the coin's dynamics. The peak of the community's hatred towards Ethereum was the period from February to April of this year, during the drop below $2,000 🔽.
However, after the spiteful comments in crypto channels that "Ether is a garbage coin and a scam😠", the price showed an increase of about +183% from the bottom. It reached the levels from where the drop started in December 2024.
On the weekly chart of the coin, we see a standard pattern for DUMPING HAMSTERS. The coin entered a wide consolidation between ~$2,200 and ~$4,000. Then the price removed liquidity under this sideways movement, decreasing at the beginning of the year.
Now the price is going after the stops and liquidations located above ~$4,000. Such a pattern of alternating range expansions is extremely common in the market.
☝️ Thus, we see how the fundamental and technical pictures work together. And now both are signaling about an imminent breakthrough of ~$4,000.$ETH