Ethereum’s resilience shows as investors eye $4,000 target despite recent price dip

Ethereum experienced a price fall to 3,337 USD during a broader market pullback, mainly due to Bitcoin’s 4% decline. Leveraged ETH long liquidations reached 34 million USD as cautious market sentiment prevails. This downturn has investors cautious, reflecting wider economic concerns.

Despite Ethereum’s dip, the market retains a neutral to bullish sentiment, with potential for a recovery to 4,000 USD. Proposal for monthly contracts shows an 11% premium over spot markets. Ethereum’s TVL remained steady, indicating resilience. Stablecoin demand in China shows consistent, stable trading.