Ethereum targets $4,000 resistance after hitting a ten-week high at $3,949.
Michael Saylor endorses SEC-approved spot Ether ETFs, bullish for Bitcoin.
Ethereum (ETH) is currently experiencing upward momentum, trading at $3,912 with a notable 4.50% surge and a substantial 78% increase in trading volume. This recent bullish activity follows ETH’s achievement of a ten-week high at $3,949 three days ago.
ETH is now consolidating near $3,850 and is poised for an upside break above the critical $4,000 resistance level. Immediate resistance is observed at the $3,880 mark, with the first major resistance at $3,920. An upside break above this level could propel the price higher, targeting the next key resistance at $4,000.
Significant market activities have influenced the trading dynamics. Notably, since April 8, the Ethereum address theunipcs.eth has spent 276.4 ETH (approximately $863,000) to acquire 4.56 billion FLOKI, now valued at $1.1 million. Additionally, the address in
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