The drop of Ethereum to the level of $4000 is positive 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 taking of liquidity from it is considered healthy and paves the way for a move towards new peaks within the current cycle.
The targeted levels in the medium to long term are $7.7 thousand, $8 thousand, and $10 thousand✈️
The rise could extend to levels of $14 thousand for Ethereum, a long journey this year before it completes the current cycle and finishes its movement after exhausting the current liquidity.
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