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Analyst: ETH needs to turn the resistance levels of $3700-$3900 into support levels in order to break through $4000.
Odaily Planet Daily reports that cryptocurrency analyst Ted Pillows stated on the X platform that ETH must turn the resistance level between $3700 and $3900 into support in order to break through to higher levels above $4000. Currently, Ethereum has not been able to regain the $3700 level. If it can return to the $3700 level, it will enter the liquidity zone between $4000 and $4100. Other analysts believe that the bulls need to “further intervene” to push the ETH price up to $4000.