Ethereum Price Break Through $4000 Has Not Been Heppened Recenlty. The price has been in a downtrend on the daily timeframe for the past two weeks.
Ethereum’s recent rally has stalled as the price has been unable to breach the $4,000 barrier once again. However, hopes for a renewed bullish surge remain alive.
Technical analysis indicates that the price has been in a downtrend on the daily timeframe for the past two weeks. This short-term bearish trend began after the cryptocurrency failed to surpass the $4,000 resistance level once more.
Currently, the $3,500 level is providing support and preventing further price declines.