Ethereum has faced repeated rejections at $4K in 2024 despite occasional bounces.
Ethereum is rejecting at $4K due to market uncertainty, profit-taking, and strong resistance.
Ethereum (ETH) has been struggling to break above the $4,100 mark, a level it last crossed in March 2024 but has since faced repeated rejections. Despite occasional bounces, ETH has failed to maintain momentum above this key level, even as Bitcoin (BTC) continues to hit new highs. Today, Ethereum’s price dropped over 12%, reaching an intraday low of $3,098 before recovering slightly to $3,475, marking an 8.43% increase in the past 24 hours. However, the market remains weak, with trading volume down nearly 30%, signaling a lack of enthusiasm from traders.
Ethereum is facing multiple rejections at the $4,000 level due to a mix of market uncertainty, profit-taking, and technical resistance. Broader crypto market volatility, influenced by global economic conditions and Bitcoin’s price movements, is l
We współpracy z: https://thenewscrypto.com/why-is-ethereum-facing-multiple-rejections-at-4000/
