Ethereum Rally Pauses, But Another Surge May Follow 🚀📊
📉 Ethereum ( $ETH ) hit $3,666 but stalled just shy of the $4,000 mark. The recent pause looks like short-term consolidation—not a reversal.
📈 Trading volume is rising, hinting at renewed retail interest. Though ETH/BTC ratio dropped 6%, this mirrors May’s setup before another breakout.
🧠 NUPL indicator nears the key 0.5 threshold—historically followed by sharp rallies. Current metrics suggest ETH may be prepping for another leg up.
📊 As long as ETH holds above $3,530, the $4,000 breakout remains likely. A clean move above that could trigger new highs. But if support fails, downside to $3,131 is possible.
💥 Momentum, sentiment, and on-chain signals all support a bullish continuation—watch for the $4K breakout.