Ethereum has shown impressive resilience, holding firm near the $3,150 level amidst market manipulations. The recent halving event saw Ethereum go through similar challenges as Bitcoin, yet it managed to stabilize around $3,180 after the storm passed.

For potential investors eyeing Ethereum, the current value of $3,180 is worth noting. The stability near the $3,150 support level despite market dynamics indicates Ethereum's strong foundation and the trust it garners from investors. This might be a good opportunity for long-term investors to consider entering the ETH market.

Looking forward, Ethereum encounters tough resistance at around $3,700 and aims for $4,000. Successfully overcoming these hurdles could trigger a bullish trend, pushing Ethereum to higher levels. However, caution is advised as failure to break through these levels could lead to a retracement towards support levels.

Analysts predict a modest increase of 2.73% in Ethereum's value, estimating it to reach around $3,228.13 by June 4, 2024, based on CoinCodex forecasts. Technical indicators show a neutral sentiment, with the Fear & Greed Index currently at 69, signaling prevailing market greed.