Ethereum (ETH) Market Snapshot
Ethereum is currently trading around $3,965.97, reflecting a 0.21% dip over the last 24 hours. The price briefly touched a high of $4,085.30 before sliding toward the $3,908.73 support zone. This short-term pullback follows a period of mild recovery seen earlier this month.
The chart shows a clear downward slope from the $4,000+ region, with price action testing support levels near its 60-day moving average (MA60 at $4,023.30). Volume spikes during the drop suggest a mix of profit-taking and cautious sentiment among traders.
Despite today’s softness, Ethereum remains up over 132% in the last 180 days and 50% over the past year, showing the network’s resilience and investor confidence in its long-term potential.
At this stage, market participants appear to be watching whether ETH can hold above $3,950 and regain momentum in the short term. A sustained move above $4,000 could reintroduce bullish confidence, while failure to do so may extend the current consolidation phase.
Overall, Ethereum continues to demonstrate strength within broader market volatility — a reminder that even short dips can play a role in longer-term structural growth.
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