ETH traders predict lower support retest before breakout to $4K
ETH treasury buying and consistent spot ETF inflows have not been sufficient enough to send Ether price above $4,000. Is a correction incoming?
Key point:
Traders expect ETH to retest the $3,500 to $3,300 zone before a break to new year-to-date highs.
Ether (ETH) gained 57% over the past month, but consistent selling near $4,000 is putting a cap on the price upside. Independent market analyst Adam pointed to sell walls in the zone and said that even though “ETH is so back,” its price could lose momentum until these are either filled or pulled.”
