CandleFocus Ethereum Price Analysis: Following a 15% Weekly Crash, What’s Next for ETH?
2024-12-21
Author: Content Editor
Ethereum has failed to break the critical $4K resistance level, leading to a decline in price. However, it has found support at the $3K level and is now consolidating within the $3.5K-$4K range. There are expectations of a potential bullish attempt to retest the $4K resistance after this consolidation phase. The rejection at $4K triggered liquidations in the futures market and cooled market sentiment. However, this could pave the way for a more sustainable rally in the coming weeks, based on historical patterns.
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