Ethereum has experienced a strong rebound after finding support at the $3.5K level, leading to increased buying pressure. However, the $4K resistance level remains a significant obstacle for ETH buyers. Ethereum is currently consolidating in the $3.5K-$4K range, with a potential breakout in either direction. If the $4K resistance is successfully breached, a rally is expected. On the other hand, a rejection at this level could lead to further consolidation or a retest of lower support levels. The Taker Buy Sell Ratio, indicating sentiment in the futures market, has seen an uptick, suggesting increasing optimism among traders and an expectation of Ethereum moving towards $4K.



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