Is It Time To Give Up On Ethereum Below $4,000? Analyst Weighs The Facts
Ethereum remains below $4,000, with recent performance indicating it is one of the weakest cryptocurrencies. Vitalik Buterin has made leadership changes in the Ethereum Foundation. Historical data suggests Ethereum typically performs well in Q1, particularly in odd-numbered years, with 2025 expected to follow this trend. Crypto whales have accumulated over $1 billion worth of ETH recently, with 540,000 ETH withdrawn from exchanges, indicating bullish sentiment. Key resistance levels for Ethereum are between $3,360 and $3,450, while support is found between $3,066 and $3,160. A head-and-shoulders pattern suggests a breakout above $4,000 could lead to a rally towards $7,000. However, network growth has slowed, with a 9.32% decline in new ETH addresses. Ethereum is currently trading at approximately $3,200, down 4% in the last 24 hours.
