The price of Ethereum (ETH) has fallen below $4,000 and has struggled to reclaim that level, leading to speculation that it may not reach that zone again before the end of 2024. However, a recent 5% increase in price suggests a shift in sentiment. In order for Ethereum to retest the $4,000 mark, several key factors must align, including strong support at $3,352 and resistance at $3,508. The increase in Ethereum's holding time by 332% in the last seven days also supports a bullish bias. From a technical perspective, if the price remains above $4,000, it could rise as high as $4,500, but if bears take over, the price could decline to $3,111 or even below $3,000.



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