Ethereum Struggles Below $4K: Reasons and Future Outlook
Ethereum’s journey toward breaking the $4,000 mark faces challenges as it remains tethered below vital resistance levels. Recent analysis reveals that the digital currency struggles due to significant selling pressure from mega-whales. Additionally, Ethereum is currently caught in an active triangle breakdown pattern, which has added to the bearish sentiment in the market. Investors are anxious as the price fails to show the momentum needed for a compelling breakout. Analysts suggest that overcoming these hurdles will require a combination of positive market sentiment, strategic buying, and increased adoption to push through this critical resistance. Ethereum enthusiasts remain hopeful that the second-largest cryptocurrency will regain its strength and lead the way for a bullish market trajectory.