Ethereum’s price has recently been unstable, hovering around the $4,000 mark. Weak demand from futures and low ETF influx indicate a bearish sentiment in the market. Analysts are predicting a possible decline to $3,500 if the $4,000 support isn’t regained quickly.

Key Takeaways:

• The absence of a bullish trend is clear as Ethereum fluctuates near $4,000 amidst low futures demand.
• Onchain activity shows diminished interest in the Ethereum network, as transaction fees have decreased substantially.
• Should the price fail to reclaim the $4,000 threshold soon, further drop towards $3,500 is anticipated.

Market observers are contemplating the potential reversal of bearish conditions as Ether fluctuated aiming for the $4,250 recovery without sustainable bullish sentiment.

Inline with the dampened enthusiasm, recent ETF inflows totaling $380 million fell short of sustaining any upward momentum. Consequently, traders are left questioning the plausibility of reaching a $10,000 price target in the short term.

Analysts’ Perspectives:

• Ted Pillows remarks on Ethereum’s volatility, highlighting the critical need to maintain its support levels for a chance at recovery. “$ETH has lost its $4,000 support level again,” he states, emphasizing the precarious situation.

• FibonacciTrading notes, “A dip towards $3,300 would still count as a healthy pullback within the uptrend.” This suggests a plausible strategy for bulls to defend crucial support.

• Cactus expresses optimism, believing Ether’s upside can still materialize if it maintains the support in the $3,800-$4,200 range.

Conclusion: Investors are urged to remain vigilant as Ethereum’s oscillations may herald further fluctuations depending on market forces. This content does not serve as financial advice, and individual research is encouraged.