$4,000 support
Ethereum is currently trading at $3,990, facing a critical moment as record transaction volumes meet technical selling pressure. This situation creates a significant inflection point for traders monitoring the $4,000 psychological support level. The high transaction volumes indicate robust network activity, yet the 2.7% daily decline in price adds to the uncertainty. Traders are closely observing this support level, as it could influence future price movements. The interaction between high network activity and selling pressure presents a complex scenario for market participants.
