Ethereum (ETH) has been trading in a range between $2,800 and $4,000 for nearly 10 months, indicating market indecision. CredibleCrypto suggests that this range could be a good entry point for investors as Ethereum prepares for a potential breakout. The consolidation phase is seen as a precursor to a bullish move, and historical patterns suggest that Ethereum may be on the verge of a major price rally. The high timeframe demand zone between $2,400 and $2,800 is considered a critical support level with minimal downside risks and strong upside potential. A successful breach of the $4,000 resistance level could see Ethereum aiming for its previous all-time high, with the possibility of surpassing it. Funding rates for Ethereum are recovering, indicating renewed buying interest and the potential for a rebound from the $3,000 support level. Despite recent volatility, strong support levels and bullish technical setups suggest that Ethereum presents a compelling opportunity for long-term investors.



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