Ethereum Slumps Below $3400: Can ETH Hit $4000 This Week?
Ethereum (ETH) is currently facing challenges in surpassing the $4,000 price level, a point at which it has faced rejection multiple times since March 2025. Is Ethereum bullish enough to hit $3,400? The recent slump below $3400 has investors wondering if ETH can recover and reach the coveted $4,000 mark this week.
Ethereum's ETH/USD rally to $4,000 has come to a sudden end on Monday, but traders on social media continue to see bullish catalysts driving ETH higher in the future. Ethereum price has declined for three weeks, signaling a potential bottom near $1,754 with oversold conditions indicating possible reversal. Key resistance at $2,129 could determine the short-term trajectory.
According to Carl Runefelt’s chart analysis, ETH is trading below a descending resistance pattern – a formation that often signals potential bearish pressure. However, to initiate a real uptrend, it is crucial for Ethereum to break the resistance at $3,400. A daily close above this level could lead to a short position liquidation.
Crypto analyst Astronomer has announced his bullishness on the Ethereum price outlook, predicting a potential rally to $4,000. In a rather lengthy post on X (formerly Twitter), the analyst outlined several factors supporting this prediction.
As investors and traders closely monitor Ethereum’s price action, cryptocurrency experts at Changelly have shared their predictions for the week. According to their analysis, ETH is… [Continue Reading for Full Prediction]. As investors and traders closely monitor Ethereum’s price action, cryptocurrency experts at Changelly have shared their predictions for the week. According to…[Continue Reading for Full Prediction].
Will ETH break through the resistance and achieve a $4000 price this week? Keep following our updates for the latest analysis and Ethereum price predictions.