Sellers Reject Ethereum (ETH) at $4K — Traders Keep Buying Ripple (XRP) and This Coin at $0.004
Ethereum (ETH) has hit big trouble at the $4,0͏00 mark, getting turned down many times since March 2024. This strong wall has caused a fall in price, with ETH selling near $3,400 which makes it a 6.7% drop in the last 24 hours.
Many things add to this pushback. Market doubt and money-taking moves have raised selling weight close to the $4,000 point. Also, tech reviews see this spot as a big wall, with past failed tries making it clear it’s a tough spot to get past.
Even with these hardships, the interest from institutions in Ethereum stays strong. Ethereum-based exchange-traded funds (ETFs) have seen big money coming in, showing continued faith in ETH’s future value. This support from institutions might help a lot with Ethereum’s price changes ahead, perhaps helping to break through the present limits.
