Despite facing a drawdown, Ethereum's price has solidified at around $3,300 and is serving as a support floor. The increasing network activity and strong investor interest could lead to an attempt to breach critical resistance at $4,000. The active address momentum is above the yearly average, indicating improved network fundamentals. This sustained activity reflects growing confidence in Ethereum's recovery potential. Significant buying activity and a preference for holding on to Ethereum rather than selling also support the notion of growing bullish sentiment. However, Ethereum remains stuck under resistance at $3,524, and breaching this level is crucial for further advancement. On the other hand, losing the support level of $3,327 could lead to a decline towards $3,000.



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