Ethereum Faces Critical Test at $4,000 Support Level

Ethereum investors are on edge as the world’s second-largest cryptocurrency struggles to maintain its footing above a crucial price threshold. Following a strong rally earlier in the month, ETH is now showing signs of exhaustion, with its ability to hold the $4,000 line becoming the focal point for market participants. The central question is whether this represents a temporary pause before another upward move or the beginning of a more significant downturn.

A noticeable shift in investor psychology is underway. Market sentiment gauges now reflect a state of “Fear,” triggering a wave of panicked selling. This negative momentum is substantiated by significant long position liquidations, which reached $210 million within a 24-hour window—marking the highest level observed since August.

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