CandleFocus Ethereum’s $4,000 Barrier Fails to Shake Trader Confidence
2024-12-13
Author: Content Editor
The article discusses the struggle of Ethereum's price to break above the $4,000 level, but despite this, market participants are accumulating the altcoin, increasing the likelihood of a breakout. The Taker Buy-Sell Ratio and positive funding rate indicate bullish sentiment and increased demand for Ethereum. The rising On-Balance Volume also suggests strong buying pressure. If buyers continue to control the market, Ethereum's price could surpass $4,000, but a reversal could lead to a drop to $3,673.
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