ETH traders expect the price to retest support levels between $3,500 and $3,300 before making a move beyond $4,000. Despite a significant 57% increase over the past month, consistent selling pressure around the $4,000 mark is curbing the upward momentum. Analysts highlight sell walls in this range, indicating hesitation among traders. Furthermore, recent activities such as Ether treasury purchases by Bitmine Immersion Tech and SharpLink Gaming, amounting to nearly 1 million ETH, reflect institutional interest. However, these companies have seen declines in stock prices following substantial gains. Technical patterns suggest a potential breakout target of $4,300, but neutral funding rates indicate caution among risk-tolerant traders. Overall, while bullish sentiment remains, many anticipate a necessary correction before a possible rally to higher highs.

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