Ethereum Struggles Below $4k, Analysts Still Optimistic

Ethereum Struggles Below $4k, Analysts Still Optimistic
  • ETH fails to smash its resistance level
  • Ethereum remains one of the investors favorite crypto

The crypto world continues to maintain its uptrend position despite the market’s wild volatility. Ethereum is one of the solid digital assets in the space that keeps its fight against the bearish markets. This aggressive performance of the crypto made analysts and investors in the space monitor its achievements.

This made The Wolf Of All Streets react in a tweet post,

The Wolf Of All Streets explained that the Ethereum crypto failed to smash its resistance level. “ $ETH was temporarily rejected at resistance like the high school math champion asking out the prom queen. Don’t worry, he gets the girl years later and ends up being exceptionally good looking when he takes off his glasses, he tweeted.” 

At the time of writing, Ethereum trades at a reasonable price of $3775.65 with a 24-hour trading volume of $17.5 billion. This trading position has a huge market cap of almost $500 billion. Therefore, if Ethereum continues to increase its investors in the network, there might be a chance that the crypto may surge and break different stages of resistance levels.

In other news, the world is looking closely at Bitcoin’s performance this December. As the first and most widely adopted cryptocurrency, Bitcoin makes a significant influence on the market. In fact, Bitcoin’s four-year cycle is the major reason why people believe the supercycle will happen this time.

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