Summary: Ethereum has found stability at the $3K support level after facing selling pressure and is currently in a consolidation phase. The emergence of a golden cross on the daily chart indicates a potential shift towards bullish sentiment. Ethereum remains below the $3.5K resistance and needs a decisive breakout to initiate a new upward trend. On the 4-hour timeframe, the $3K level is a robust support line with potential for a fresh bullish surge if it holds. The futures market is also indicating a potential bullish rebound with an increase in funding rates, suggesting growing confidence among traders. If sustained, this buying pressure could drive Ethereum towards the $4K resistance in the short to mid-term.



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