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Ethereum approaches $4,000 as bullish sentiment strengthens among investors

Ethereum’s price has risen by 5% in the last 24 hours, indicating shifting investor sentiment. A critical resistance exists at 3,508 USD, held by 3.90 million addresses that possess 1.62 million ETH, making a breakthrough crucial for further gains.

Support at 3,352 USD shows that 3.34 million ETH addresses remain in profit. This, along with the positive Ichimoku Cloud analysis, suggests that Ethereum could move upward towards 4,109 USD if it maintains market momentum and reduced selling pressure.

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