Ethereum has once again faced resistance at the $4000 mark, causing market uncertainty regarding its future trajectory.
Price Dynamics and Expectations
Ethereum has faced the $4000 resistance thrice in 2024. While some indicators suggest a bearish outlook, others anticipate significant upward movement, presenting a potential buying opportunity. Accumulation addresses have seen a notable rise, hinting at a possible price increase.
Ethereum Market Activity
Amid Bitcoin's struggle to reclaim $100K, Ethereum shows stability. Active addresses have risen to over 400K since November, and exchange balances have declined since December, suggesting bullish sentiment among traders.
2025 Projections
The weekly ETH price chart shows the token holding support at $3346 after a long pullback. A breakout could indicate an end to bearish influence, whereas a drop might target $3000 or lower. Holding above $3400 is crucial for maintaining bullish momentum.
The approach to 2025 could be pivotal for Ethereum. Maintaining key levels and increased activity set the stage for potential market shifts.
