Crypto Express
07/21 02:36
ETH Price May Not Rally Sharply
At the time of writing, Ethereum is trading at $3,745, just 6.8% shy of hitting the $4,000 mark. This level has acted as a strong psychological resistance in previous bull runs. The current rally puts ETH in a solid position to test this barrier in the coming days.
However, if the market enters a phase of profit-taking, Ethereum could fail to break through $4,000. A resulting pullback may send the price down to $3,530. Losing this support could extend losses to $3,131, wiping out recent gains and confirming the onset of a short-term reversal.
On the flip side, if accumulation continues to dominate, Ethereum could invalidate the bearish outlook. A clean break above $4,000 would support the ongoing uptrend, enabling ETH to push toward new highs.
This scenario depends largely on the strength of investor conviction and broader market cues.
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