š #Ethereum shows short-term weakness with a dip from $3,900 to $3,630, but strong long-term bullishent projects a new all-time high of $4,900 and targets the psyshooical $5,000 barrier.
- Ethereum dropped 7% to about $3,630 after peaking at $3,900, mainly due to profit-taking and technical resistance.
- Analysts remain bullish, with predictions for new all-time highs near $4,900ā$5,000 driven by strong ETF inflows, positive investor sentiment, and rising open interest.
- Short-term, #ETH may dip to $3,594ā$3,307 if weakness continues, but breaking back above $3,900 could reignite bullish momentum.
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