The post Despite Failing to Break Key Resistance, Can Ethereum (ETH) Still Rally to $4,000? appeared first on Coinpedia Fintech News
Ethereum (ETH) price is struggling to reclaim bullish momentum after failing to break through a key resistance level, even as broader market conditions remain mixed. The cryptocurrency market has recently seen increased volatility, with Bitcoin’s sideways movement and renewed profit-taking dampening short-term sentiment. However, underlying fundamentals such as steady network activity and renewed institutional interest continue to offer support. Against this backdrop, investors are watching closely to see whether Ethereum can regain traction and make another attempt toward the $4,000 mark.
Ethereum (ETH) Price Action and What’s Driving It
Ethereum (ETH) is hovering around $3,830 after slipping from its recent attempt to break past the $3,870 resistance zone. The pullback has left traders wondering if ETH is just cooling off before its next move—or if the bulls are starting to lose steam.
So, what’s happening behind the scenes? The broader crypto market has been choppy lately, with Bitcoin trading sideways near $108,000, keeping most altcoins, including Ethereum, in check. Trading volumes have dipped slightly, hinting that traders are waiting for a clear direction before making big moves.
On the brighter side, Ethereum’s network activity remains solid. Staking participation is steady, and user activity on the blockchain shows that confidence hasn’t faded completely. In short, while price action looks uncertain, Ethereum’s fundamentals are still holding up.
Adding to the mix are macro factors—think U.S. interest rate speculations, inflation data, and shifting risk sentiment—all of which continue to sway investor behavior. If these external pressures ease and Ethereum manages to reclaim the $3,350–$3,400 zone, the next big target around $4,000 could come back into play sooner than expected.
Can Ethereum Overcome Resistance and Rally to $4,000?
After multiple failed attempts to break past the $3,850–$3,900 resistance, Ethereum is now at a crucial turning point. The price action over the next few days could decide whether ETH gears up for another bullish run—or continues to consolidate below this zone.
For a rally toward $4,000, Ethereum needs a strong push from both the technical and fundamental sides. Technically, traders are watching for a clean breakout above $3,900 with solid trading volume—something that could confirm renewed bullish momentum. On the flip side, if ETH slips below the $3,500–$3,450 support range, it might trigger another wave of short-term selling pressure.
Fundamentally, there’s still plenty working in Ethereum’s favor. Institutional demand is gradually picking up, ETH staking continues to grow, and the upcoming network upgrades are keeping long-term investors optimistic. If the broader crypto market finds its footing—especially with Bitcoin showing stability—Ethereum could easily regain momentum and make another run at the $4,000 milestone in the near term.
