Ethereum Struggles at $4,000—What’s Keeping it Down?
Ethereum continues to struggle at the critical $4,000 price point, facing rejection for the third time since March 2024. Currently sitting at around 3,475, Ethereum has seen a significant 24 percent drop from its previous high of 4,087. The consistent inability to breach this price point raises questions about market conditions and investor sentiment. Although this slight recovery offers hope, the cryptocurrency has faced challenges that have led to substantial declines recently. Investors should analyze the factors preventing Ethereum from ascending to its previous levels and consider the broader implications for the cryptocurrency ecosystem.
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