The drop of Ethereum to the level of $4000 over the past hours is a positive sign as it corresponds with the peaks of March 2024, December 2024, and August 2024, making it an important liquidity center. The recent breakout of this level and the extraction of liquidity from it is considered healthy and paves the way for a move towards new peaks within the current cycle.
The target levels in the medium to long term are $7.7 thousand, $8 thousand, and $10 thousand✈️
The rise may extend to levels of $14 thousand for Ethereum, a long journey this year before completing the current cycle and ending its movement after exhausting the current liquidity.