CandleFocus Ethereum Price Analysis: ETH Rejected at $4K Again, Is $3.5K Next?
2024-12-18
Author: Content Editor
The content states that Ethereum faced a rejection at the $4K resistance level, indicating the presence of sellers. This has created a challenging environment for buyers, and a retracement to the $3.5K support area may occur. The price is range-bound between $3.5K and $4K, with a bullish breakout above $4K potentially leading to further upward momentum. The chart highlights potential liquidation levels, with a concentration of liquidity near the $4K resistance, suggesting a bullish breakout is likely in the mid-term.
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