#ETHMarketWatch Ethereum Eyes Key Resistance – Is a Breakout Imminent?

Ethereum (ETH) continues to consolidate just below the $4,000 level, showing strong resilience amid market volatility. After a brief dip last week, ETH rebounded swiftly, signaling robust buying pressure from both retail and institutional investors.

Technical indicators point to an ascending triangle formation on the daily chart—often a bullish continuation pattern. If ETH can break above the $4,000 resistance with volume confirmation, we could see a rally toward $4,400 in the near term.

On-chain metrics also support this outlook. The number of active addresses has surged, and ETH staking on the Beacon Chain has hit an all-time high. Meanwhile, Ethereum’s Layer 2 ecosystem, including #Arbitrum and #Optimism, continues to attract user activity, reinforcing the network’s value proposition.

Keep an eye on macroeconomic triggers like upcoming Fed announcements or BTC's movements (#BTC), as they may influence Ethereum’s next move.

Will ETH break through or face another rejection? Let us know your thoughts in the comments.

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