If Ethereum Can’t Break the $4,100 Resistance, How Deep Will This Correction Go?
- Ethereum’s price is in a correction, trading near $3,500 after failing to break resistance
- The key “make-or-break” resistance level for Ethereum remains at $4,100, analysts say
- On-chain data shows whales and retail investors were accumulating ETH during the recent dip
In a new X post, crypto analyst Michaël van de Poppe explains the importance of the $4,100 resistance level for Ethereum, stating that ETH failed to reach the target resistance zone, leading to a roughly 15% dip.
He notes that the $4,100 level remains the key barrier that Ethereum must break to reach new all-time highs.
Several days ago, van de Poppe predicted a fairly normal correction until ETH touches $4,100. When ETH did not dip deeper, he shifted to expecting an upward move instead.
At the moment, Ethereum’s price is hovering around $3,600. It looks like there isn’t much buying interest, and the price keeps hitting a wall below $4,100. The rally is stalling, with some people selling to lock in their profits. To get the price moving up again, Ethereum will likely need to break decisively above this level by way of high trading volume.
On-Chain Data shows whales are buying this di…
The post If Ethereum Can’t Break the $4,100 Resistance, How Deep Will This Correction Go? appeared first on Coin Edition.
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If Ethereum Can’t Break the $4,100 Resistance, How Deep Will This Correction Go?
- Ethereum’s price is in a correction, trading near $3,500 after failing to break resistance
- The key “make-or-break” resistance level for Ethereum remains at $4,100, analysts say
- On-chain data shows whales and retail investors were accumulating ETH during the recent dip
In a new X post, crypto analyst Michaël van de Poppe explains the importance of the $4,100 resistance level for Ethereum, stating that ETH failed to reach the target resistance zone, leading to a roughly 15% dip.
He notes that the $4,100 level remains the key barrier that Ethereum must break to reach new all-time highs.
Several days ago, van de Poppe predicted a fairly normal correction until ETH touches $4,100. When ETH did not dip deeper, he shifted to expecting an upward move instead.
At the moment, Ethereum’s price is hovering around $3,600. It looks like there isn’t much buying interest, and the price keeps hitting a wall below $4,100. The rally is stalling, with some people selling to lock in their profits. To get the price moving up again, Ethereum will likely need to break decisively above this level by way of high trading volume.
On-Chain Data shows whales are buying this di…
The post If Ethereum Can’t Break the $4,100 Resistance, How Deep Will This Correction Go? appeared first on Coin Edition.
Read More
Ethereum Price Prediction: ETH Tests $4,350 as Whales Stir Volatility Ahead of September