Ethereum eyes $4,000 amid bullish breakout and whale accumulation. Yet, falling network activity and $46.65M in liquidation risks may hinder momentum unless user growth and volume rebound.

Ethereum’s [ETH] breakout has revived bullish sentiment, with the $4,000 mark emerging as the next key upside target. 

Analyst Captain Faibik projects a near-term push to this level following ETH’s break above descending resistance. 

This structure shift shows a possible continuation phase, but the price now faces a critical test. Holding above $3,500 could strengthen momentum. 

While this level is now the clear upside target, ETH must overcome local selling pressure and maintain buying strength. Therefore, the focus shifts to whether the bulls can complete the breakout with a sustained push.