$AAPLon is currently facing significant resistance at the $3,800 level. Despite a recent surge, the cryptocurrency has struggled to break above this key psychological and technical barrier. If ETH can successfully breach this level, the next target for bulls would be the $4,000 mark, potentially opening the door for a retest of its all-time highs. However, a failure to break out could see ETH pull back towards its immediate support level at $3,650, with further downside risk to $3,500 if that support crumbles.
On-chain data suggests a mixed bag. Whale transactions have seen a slight increase, indicating some accumulation, but overall trading volume has been somewhat subdued compared to previous rallies. The Relative Strength Index (RSI) is hovering around the neutral 50 mark, suggesting neither overbought nor oversold conditions, leaving room for movement in either direction.