Just yesterday, the crypto world was buzzing as Ethereum (ETH) suddenly surged past $4,000, making traders’ hearts race with excitement—finally, a bull comeback? but overnight, ETH did a total U-turn, dropping back to around $3,860. Many couldn’t help but scream: “What is happening? Is ETH playing games with us?!”
Experts point to heavy sell-offs from large investors. Even with whales like SharpLink Gaming buying 19,271 ETH (bringing their total to 859,853 ETH, worth ~$3.5B), the market sentiment just wasn’t strong enough to hold the momentum.
Technically, if ETH fails to hold the $3,745 support, deeper losses could follow. But if it can break above the $4,315 resistance, a surge toward $5,125 isn’t impossible.
Ethereum is living the “rollercoaster life” right now, leaving investors in suspense. Will ETH bounce back to conquer new highs, or continue its freefall? Only time will tell.
