Ethereum Defies Gravity: Key Support Holds as $4K Breakout Looms
Ethereum's price floor just became a trampoline.
After testing critical support levels, ETH bulls are now eyeing a potential rebound toward the psychological $4,000 mark—a move that could reignite the altcoin's stalled rally.
The Setup:
Market structure suggests Ethereum's consolidation phase may be ending. The $3,500 support zone—where institutional buyers previously stepped in—has held firm despite recent market-wide liquidations.
The Catalyst:
Traders are positioning for a potential liquidity grab above $3,800. A clean break here could trigger algorithmic buying pressure, fueling the push toward $4K. Of course, this being crypto, the same algorithms could just as easily rug-pull everyone at $3,999.
The Bottom Line:
ETH's price action remains cleaner than a Wall Street balance sheet audit—which isn't saying much. But with network upgrades still delivering actual utility (unlike certain *cough* meme coins), this rebound attempt might actually have legs.
