Ethereum is struggling to reach the $3,500 mark, a crucial Threshold for further gains. Panic selling and increased liquidations are prevalent among long-term holders, raising the Liveliness indicator to a two-year HIGH. This shift shows a trend toward profit-taking rather than maintaining price support.
Ethereum’s price is currently around $3,402. Key support is at $3,327, with resistance at $3,524. Failure to maintain support may cause a drop to $3,000, increasing investor losses. Conversely, breaking the $3,524 resistance could target $3,721, restoring confidence and minimizing losses.