Ethereum’s trading challenges around 4,000 USD: Ethereum is encountering notable resistance near 4,000 USD, trading around 3,900 USD. Analysts remain optimistic due to underlying support structures, particularly with around 3 million wallets holding a total of 4.6 million ETH.
Strong support reflected through on-chain metrics: A support range between 3,700 and 3,810 USD has shown resilience, aided by a 4.24% increase in active Ethereum addresses and a 2.65% rise in new addresses, indicating growing market participation.
Investors increasingly confident in Ethereum growth: With the launch of BlackRock’s Ether ETF, investor Optimism is rising, reflecting in Ethereum’s market capitalization of 473 billion USD and a realized price appreciation projected to continue.
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